BlockFi has successfully completed its bankruptcy restructuring and launched a compensation plan.

BlockBeats reported on October 25th that cryptocurrency lending company BlockFi announced the successful completion of its bankruptcy proceedings and the implementation of its bankruptcy plan. BlockFi will begin implementing measures outlined in the plan, including repaying creditors according to plan terms, making efforts to recover assets from FTX, 3AC, and other companies, distributing digital assets to customers, and ensuring fair and equitable distribution of customer rights. Wallet customers can now withdraw funds, while BlockFi Interest Accounts (BIA) and loan customers will receive their first distribution starting in early 2024.