BlockFi administrators submit plan to the court to compensate customer losses

ChainCatcher news, according to PRNewswire, BlockFi's manager Mohsin Y. Meghji announced a significant deal to sell all claims against FTX and achieve 100% payouts to customers and unsecured creditors. This transaction marks the nearing conclusion of BlockFi's liquidation. The BlockFi platform is no longer active, and customers' "physical" distributions will be conducted in partnership with Coinbase.