The United States Bankruptcy Court has approved the BlockFi bankruptcy plan.

The United States Bankruptcy Court for the District of New Jersey gave its approval for the Disclosure Statement of BlockFi Inc. on August 2, 2023. The statement outlined the company's plan to maximize recoveries for its creditors during the bankruptcy process. Mark Renzi, the Chief Restructuring Officer of BlockFi from Berkeley Research Group, expressed confidence in their approach, stating, "We are confident that our Plan provides the best path to expeditiously return crypto back to our clients, and we strongly urge BlockFi’s clients to vote to accept it."