Bankrupt BlockFi Reimburses $15M to Investor Threatening Lawsuit By CoinEdition

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Bankrupt BlockFi Reimburses $15M to Investor Threatening Lawsuit

Cryptocurrency Jan 10, 2023 06:30AM ET

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Bankrupt BlockFi Reimburses $15M to Investor Threatening Lawsuit

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Defunct crypto lender repaired $15 million to an investor threatening a lawsuit.

The dispute was over BlockFi’s plummeting equity value in the summer of last year.

BlockFi lawyer said the company executives are yet to withdraw their locked crypto.

The bankrupt crypto lender BlockFi has reimbursed a whooping sum of $15 million to an investor threatening a lawsuit. Reuter revealed the development early today, noting that the dispute was over BlockFi’s plummeting equity value in the summer of last year.

The report pointed out that the shares sold below the $6 billion to $8 billion estimate of the company’s worth in January 2022 dropped following the fall of Terra Luna projects and FTX.

BlockFi says it repaid investor $15 mln to settle over crypto crash https://t.co/Ap4QFYq3Y2 pic.twitter.com/ngYu6F5q93
— Reuters (@Reuters) January 10, 2023

The post Bankrupt BlockFi Reimburses $15M to Investor Threatening Lawsuit appeared first on Coin Edition.

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Bankrupt BlockFi Reimburses $15M to Investor Threatening Lawsuit

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