Wu said that he learned that BlockFi plan administrator Mohsin Y. Meghji reported to the court on July 22, 2024 that the company completed a substantial premium liquidation transaction for FTX claims. This enables BlockFi to make a 100% final distribution of all approved customer and unsecured creditor claims. The transaction stems from the $874.5 million claims settlement reached with FTX in March 2024. Meghji said that this marks the final stage of BlockFi's liquidation and that final distributions will begin as soon as possible. The BlockFi platform has ceased operations and the "in-kind" distribution will be made through Coinbase.