BlockFi, FTX reach $874.5 million agreement with Alameda Estates

“We are pleased that, with the assistance of Judge Goldblatt, we were able to reach a result that allows BlockFi’s claim against FTX for the full value of its loans to Alameda and FTX exchange assets and waives FTX’s “clawback” claims from unsecured creditors. Kenneth Aulet, a partner at Brown Rudnick who represents the committee, said in an emailed statement that it would reduce these claims and provide partially secured claims to BlockFi: “(It’s) a great outcome for BlockFi’s customers and creditors.”