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BlockFi’s bankruptcy estate has dismissed a $35 million lawsuit against the U.S. government, marking the end of a legal battle over seized crypto assets. The case, linked to Estonian nationals in a fraud probe, was resolved with prejudice, preventing future litigation. This development closes a key chapter in BlockFi’s ongoing bankruptcy proceedings.
- BlockFi and the DOJ jointly dismissed a $35M crypto seizure lawsuit, ending the dispute permanently.
- The case involved funds tied to Estonian nationals under fraud investigation, contested under bankruptcy protections.
- BlockFi’s bankruptcy, worsened by FTX and 3AC exposure, involves $10B in creditor claims and a 2023-approved restructuring plan.
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Related Tags: Coinbase Global Inc. FTX
Other Tags: Alameda Research, BlockFi, Department of Justice (DOJ), DOJ, Three Arrows Capital, U.S. Government