BlockFi Whittles FTX Ch. 11 Claim From $5B To $500M
Bankrupt cryptocurrency lender BlockFi has been negotiating with fellow bankrupt crypto fintech firms FTX and Three Arrows Capital over the size of their potential claims, reducing FTX’s roughly $5 billion of asserted claims to less than $500 million so far, attorneys said in a New Jersey bankruptcy court Wednesday.
BlockFi is represented by Michael D. Sirota and Warren A. Usatine.
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