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BlockFi’s bankruptcy administrator and the DOJ have agreed to dismiss a $35 million lawsuit over crypto assets held during the firm’s bankruptcy. The U.S. Bankruptcy Court for New Jersey officially approved the dismissal on July 11, 2025.
- The $35M lawsuit dismissal was approved by the U.S. Bankruptcy Court for New Jersey on July 11, 2025.
- The legal dispute originated in May 2023 and involved crypto assets held during BlockFi's bankruptcy.
- This resolution removes a major legal obstacle for BlockFi amid its ongoing bankruptcy proceedings.
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