Bankrupt crypto lender BlockFi will begin interim crypto distributions to its 100,000 creditors through Coinbase starting this month. According to court documents, BlockFi agreed to pay up to $874 million, with an initial $250 million prioritized for repayments. The recoveries for BlockFi's creditors, including its customers, will depend on the outcome of the ongoing FTX litigation, as the company's financial situation was severely impacted by the collapse of the FTX exchange.Read more on Decrypt
BlockFi to Begin Repayments to Creditors This Month
