Bankrupt BlockFi Reimburses $15M to Investor Threatening Lawsuit

Bankrupt BlockFi Reimburses $15M to Investor Threatening Lawsuit

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• Defunct crypto lender repaired $15 million to an investor threatening a lawsuit.
• The dispute change into once over BlockFi’s plummeting equity price within the summertime of closing year.
• BlockFi attorney said the corporate executives are but to withdraw their locked crypto.

The bankrupt crypto lender BlockFi has reimbursed a whooping sum of $15 million to an investor threatening a lawsuit. Reuter published the model early on the serene time, noting that the dispute change into once over BlockFi’s plummeting equity price within the summertime of closing year.

The document identified that the shares supplied below the $6 billion to $8 billion estimate of the corporate’s price in January 2022 dropped following the drop of Terra Luna projects and FTX.

BlockFi says it repaid investor $15 mln to settle over crypto crash https://t.co/Ap4QFYq3Y2 pic.twitter.com/ngYu6F5q93— Reuters (@Reuters) January 10, 2023

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