🧵 1. FTX and BlockFi settle disputes post-collapse, FTX to pay BlockFi up to $874 million, per court docs filed. Approval pending by U.S. Bankruptcy Judge in Delaware. #crypto
🧵 1. FTX and BlockFi settle disputes post-collapse, FTX to pay BlockFi up to $874 million, per court docs filed. Approval pending by U.S. Bankruptcy Judge in Delaware. #crypto
🧵 2. $250 million payment priority for BlockFi; up to $689 million possible for Alamexa loans. FTX also to pay $185.3 million for funds in BlockFi accounts during collapse.
🧵 3. BlockFi to repay FTX up to $275 million from rescue loan. Agreement includes dropping lawsuit over 56M Robinhood shares. FTX founder convicted of $8B theft, awaits sentencing and plans to appeal.
🧵 Read more at: https://www.investing.com/news/stock-market-news/ftx-reaches-settlement-with-blockfi-may-pay-up-to-874-million-3327777