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Tag: Compensates

FTX Claims Sale Fully Compensates Crypto Gamers via BlockFi

FTX Claims Sale Fully Compensates Crypto Gamers via BlockFi

The Trailblazing Recovery of BlockFi: A Beacon of Hope in the crypto Sphere In a landmark move that has reverberated throughout the crypto lending domain, BlockFi has spectacularly navigated its way through the complexities of bankruptcy proceedings, setting a precedent for full recovery for its customers and creditors The essence of this achievement cannot be overstated, especially in a field as volatile as cryptocurrency The Strategic Sale to Ensure Customer Recovery BlockFi's journey to recovery was marked by a crucial decision to sell its FTX claims at a premium, a strategic move that was not only bold but remarkably fruitful This pivotal sale was not just about numbers; it was a lifeline to those entangled in the uncertainty of bankruptcy Partnering with Coinbase, BlockFi ensured that the process of distribution to its customers was smooth, transparent, and, most importantly, fair...

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