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The administrator of BlockFi, a cryptocurrency financial services company, has settled a $35 million crypto asset transfer lawsuit with the US Department of Justice (DOJ). According to Bloomberg, the agreement was approved on Friday by New Jersey Bankruptcy Court Judge Michael B. Kaplan, clarifying judicial boundaries in crypto asset seizures.
BlockFi Settlement with the US Department of Justice
The case initially filed in May 2023, claiming the DOJ’s attempt to seize funds in BlockFi accounts linked to two Estonian nationals, has now been…
