- BlockFi has reached an in-principle agreement to settle with FTX and Alameda Research.
- FTX and Alameda have agreed to pay up to $874 million to BlockFi, in an attempt to settle the lender’s financial claims.
- The lender will receive $185.2 million regarding asset holdings in FTX and $689.3 million regarding Alameda’s loans.
A recent court filing has announced the “successful resolution” of the digital asset lender BlockFi’s financial claims against the bankrupt FTX. Reportedly, the asset lender has reached an “in principle” agreement of nearly $1 billion with FTX and Alameda Research.
According to the court filing, FTX has agreed to pay up to $874 million in a bid to settle BlockFi’s claims. The filing read,
BlockFi will receive an allowed customer claim of $185.2 million against FTX.com on account of its assets on the FTX exchange and a claim of $689.3 million against Alameda Research on account of BlockFi’s loans to Alameda Research of which $250 million is entitled to be treated as a secured claim.
BlockFi was a lender of FTX’s sister firm Alameda Research. During a previous trial of FTX founder Sam Bankman-Fried, BlockFi’s for…
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