Bankruptcy Judge Orders BlockFi and FTX to Mediation Over $1B in Frozen Assets
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U.S. bankruptcy judge orders end to automatic holding on FTX and BlockFi claims settlement proceedings.
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BlockFi estimated to have $355M frozen on FTX platform, $671M owed by Alameda Research.
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Parties ordered to file mediation with court by Dec. 24, 2023.
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BlockFi CEO Zac Prince testified against Sam Bankman-Fried in criminal trial.
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BlockFi lost over $1B in FTX/Alameda collapse but allowed to repay U.S. customers.