According to court filings, BlockFi's ability to recover funds for its clients and creditors affected by the bankruptcy of crypto lender BlockFi will heavily rely on its claims against its commercial counterparties, FTX and Alameda. The success or failure of these legal actions could result in a difference of over $1 billion for clients eagerly awaiting the return of their money. BlockFi's wind-down plan outlined projected recoveries, including approximately $1.06 billion from the liquidation of BlockFi Inc. Interest Account Claims, $216 million from BlockFi Lending LLC Private Client Account Claims, and $371 million from BlockFi International Ltd. Private Client and Interest Account Claims. However, the actual recoveries received by clients might deviate significantly from these estimated figures.
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