As the bankruptcy proceedings of the defunct centralized cryptocurrency lender near completion, BlockFi has confirmed the sale of its FTX claims. According to a statement, Mohsin Y. Meghji, BlockFi program administrator and managing partner of M3 Partners, reported the sale to the U.S. Bankruptcy Court for the District of New Jersey on Monday. Meghji said the sale process began on June 24 and ended on July 10 after the “highest and best bid” was determined to be “significantly above par” and monetized through an undisclosed third party.

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