BlockFi’s $13 Million Settlement Clears Final Hurdle as Last Objector Backs Down
BlockFi's bankruptcy saga inches toward resolution as the final objector withdraws opposition—clearing the path for a $13 million settlement approval.
The Judge's Green Light
With no remaining objections, the court appears poised to rubber-stamp the agreement. Creditors finally see movement after years of legal wrangling—though some might call it pennies on the dollar compared to their original investments.
Settlement Mechanics
The $13 million payout represents another chapter in crypto's ongoing reconciliation with regulatory reality. Funds could begin distribution within weeks if approved—assuming the lawyers don't find new reasons to bill hours.
Broader Implications
Another crypto cleanup operation nears completion. These settlements are becoming routine—almost like the financial industry's version of a subscription service for misconduct.
