According to ChainCatcher, the bankrupt crypto lending platform BlockFi has filed a disclosure statement that will provide customers with the information they need to make an informed decision on whether to vote to accept BlockFi's plan.
These include: Expected Recovery, the disclosure statement contains a table of expected recovery for each class of claim; Distribution Timing, after the initial asset distribution, BlockFi will continue to pursue claims and causes of action against Alameda and FTX and other business counterparties; Wallet Customers, the plan provides for the full return of non-legacy digital assets held in customer wallet accounts associated with the wallet program, subject to applicable setoffs; Customers will receive a release from BlockFi of any potential recovery claims against them, including transfers made prior to the platform suspension on November 10, 2022.
BlockFi will then submit a disclosure statement to the court for approval on June 20, and more information about the voting process will be shared after the court approves the disclosure statement. (Source link)
