🏦 BlockFi's Bankruptcy Plan Approved by U.S. Court! 📜
A U.S. court has given the green light to the bankruptcy plan of cryptocurrency lender BlockFi, which had filed for Chapter 11 bankruptcy protection. This decision comes after BlockFi revised its bankruptcy plan three times.
📊 BlockFi, which is estimated to owe between $10 billion to 100,000 creditors, has taken significant steps in navigating its financial challenges.
Bankruptcy proceedings in the crypto space continue to draw attention as the industry matures.
