.SECGov has agreed to wait for a $30 million fine owed by bankrupt lender BlockFi to 'maximize' and 'avoid delays' in payments to investors. iamsandali reports.
The regulator asserted its claims should be counted as part of"general unsecured claims" in the ongoing Chapter 11 bankruptcy proceedings, but agreed to forego the payment"in order to maximize the amount that may be distributed to investors and avoid delay in such distribution," according to the agreement reached on June 22.
The SEC was likely among the first creditors in line to receive payment from BlockFi, Sasha Hodder, founder of Hodder Law, a firm that specializes in crypto law,
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