Crypto Lender BlockFi Receives Court Approval for Customer Repayment Plan

The customers of the bankrupt cryptocurrency lending platform BlockFi are closer to receiving their payments following the approval of its liquidation plan by a United States Bankruptcy Court in New Jersey.

During a court hearing on September 26, Bankruptcy Judge Michael A. Kaplan approved BlockFi’s third amended Chapter 11 plan, as detailed in a filing from the same day.

This development marks a significant step forward for those impacted by BlockFi’s financial situation.