Bankrupt crypto lending firm BlockFi has received court permission to pay out approximately $10 million in employee bonuses, according to a Jan. 27 filing.
BlockFi has an employee retention program that includes additional bonuses on top of base salary. The program will allow BlockFi to pay up to $9.98 million to a handful of remaining employees. The money will be distributed to employees in three installments with two payment tiers: one is to pay employees 42.5% of their base salary, and the other is to pay employees 9% of their base salary.
The court filing did not say how many employees, of which the company has about 125, are eligible for the bonus.

