BlockFi Emerges from Bankruptcy and Begins Repaying Creditors!

Crypto Live News

Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

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Cryptocurrency lending firm BlockFi has announced that it has emerged from bankruptcy and can now begin enacting its bankruptcy plan. The company’s management, advisors, and stakeholders worked diligently over the past 11 months to reach this critical milestone, which allows BlockFi to start repaying its creditors according to the terms of the plan. BlockFi plans to recover assets it believes are owed by other companies and their bankruptcy estates, including FTX and 3AC.

Source: https://coinpedia.org/crypto-live-news/blockfi-emerges-from-bankruptcy-and-begins-repaying-creditors/