The beleaguered crypto lender was among a rash of digital asset companies that froze their customersโ accounts and eventually collapsed after FTX blew up last fall. The restructuring plan, which more than 90% of creditors approved, will enable BlockFi to recover the assets it lost to crypto exchange FTX and failed hedge fund Three Arrows Capital, allowing the lender to put more money in creditorsโ pockets, the company said.
Crypto Lender BlockFi Says It’s Taken Major Step Toward Emerging From Bankruptcy
