BlockFi $13.2 Million Class Action Settlement Nears Approval

According to Jinse Finance, the $13.2 million BlockFi class action settlement is about to be approved, as the last objector, Yacov Baron, has withdrawn his opposition. The settlement will cover approximately 89,000 U.S. users who held BlockFi interest accounts between 2019 and 2022. BlockFi collapsed in 2022 due to a $680 million exposure to FTX, and this settlement provides a compensation channel for affected investors.