BlockFi and 3AC Enter Mediation to Settle $284 Million Dispute Over Pre-Bankruptcy Payments
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Federal judge sends BlockFi and 3AC into mediation to settle $284M dispute over preferential payments.
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3AC's attempt to consolidate its many court cases was unsuccessful.
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3AC claims BlockFi received $270M in preferential payments before bankruptcy.
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Key issue is when 3AC became insolvent relative to the payments.
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If mediation fails, hearing scheduled for Feb 5 to argue how much money should be returned.