BlockFi and DOJ Possibly Settle $35 Million Crypto Asset Transfer Lawsuit Amid Bankruptcy Proceedings
The post BlockFi and DOJ Possibly Settle $35 Million Crypto Asset Transfer Lawsuit Amid Bankruptcy Proceedings appeared on BitcoinEthereumNews.com. BlockFi’s bankruptcy administrator and the U.S. Department of Justice have reached a pivotal settlement to resolve a $35 million crypto asset transfer dispute. The agreement, approved by the U.S. Bankruptcy Court, marks a significant step in the ongoing wind-down of BlockFi’s operations and clarifies jurisdictional boundaries in crypto asset seizures. According to COINOTAG, the settlement dismisses the lawsuit with prejudice, ensuring no future claims on the disputed assets, and highlights the complexities of crypto asset management amid bankruptcy proceedings. BlockFi and DOJ settle $35M crypto asset transfer lawsuit, resolving jurisdictional disputes and advancing bankruptcy wind-down efforts in a landmark crypto legal case. ‘, ‘
The post BlockFi and DOJ Possibly Settle $35 Million Crypto Asset Transfer Lawsuit Amid Bankruptcy Proceedings appeared on BitcoinEthereumNews.com.
BlockFi’s bankruptcy administrator and the U.S. Department of Justice have reached a pivotal settlement to resolve a $35 million crypto asset transfer dispute. The agreement, approved by the U.S. Bankruptcy Court, marks a significant step in the ongoing wind-down of BlockFi’s operations and clarifies jurisdictional boundaries in crypto asset seizures. According to COINOTAG, the settlement dismisses the lawsuit with prejudice, ensuring no future claims on the disputed assets, and highlights the complexities of crypto asset management amid bankruptcy proceedings. BlockFi and DOJ settle $35M crypto asset transfer lawsuit, resolving jurisdictional disputes and advancing bankruptcy wind-down efforts in a landmark crypto legal case. ‘, ‘
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