BlockFi Reaches $874.5 Million Settlement with FTX, Moving Closer to Customer Recovery

• BlockFi settles with FTX, Alameda estates for $874.5M • Settlement brings BlockFi closer to full recovery for customers • BlockFi to receive $874.5M in claims against FTX, Alameda • $250M will be a secured claim to prioritize payment to BlockFi • Judge still needs to approve the agreement between the companies