BlockFi $13.2M Class Action Settlement Set to Be Approved, Final Objector Withdraws Opposition

BlockBeats News, August 22nd, according to Decrypt, BlockFi's $13.2 million class-action settlement is about to be approved, with the final objector, Yacov Baron, withdrawing his opposition. This settlement will cover approximately 89,000 U.S. users who held BlockFi interest accounts between 2019 and 2022.

BlockFi collapsed in 2022 due to its $680 million exposure to FTX, and this settlement provides a compensation channel for affected investors.