Blockfi claims against FTX, Alameda ‘biggest driver’ of over $1B in asset recovery, says firm

Last week, US Bankruptcy Judge Michael Kaplan in New Jersey ruled that approximately $300 million in outstanding balances can be returned to BlockFi custodial wallet users. “The plan of liquidation filed on Friday” provides for the return of non-estate digital assets held in client wallet accounts in connection with the Wallet Program, subject to applicable set-offs, the firm tweeted.