The beleaguered crypto lender was amongst a rash of digital asset firms that froze their clients’ accounts and ultimately collapsed after FTX blew up final fall. The restructuring plan, which greater than 90% of collectors accepted, will allow BlockFi to get better the belongings it misplaced to crypto trade FTX and failed hedge fund Three Arrows Capital, permitting the lender to place more cash in collectors’ pockets, the corporate mentioned.
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