FTX, SEC, 3AC Take Issue With BlockFi Bankruptcy Plan

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Bankrupt crypto exchange FTX accused BlockFi, the crypto lender it once sought to save, of committing an “abuse of the plan process” by sending FTX claims further back in line in its latest Chapter 11 plan, which is also facing objections from a federal regulator and bankrupt crypto hedge fund Three Arrows Capital.

BlockFi is represented by Michael D. Sirota and Warren A. Usatine.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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