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Ethereum World News 2023-06-23 12:44:52

SEC To BlockFi In $50 Million Settlement Saga – Pay Debtors First

Summary: BlockFi received a temporary halt on its $50 million settlement payment to the U.S. Securities and Exchange Commission, per court filings from Thursday. The bankrupt crypto lender was instructed to pay its outstanding $30 million fine after reimbursing its debtors. BlockFi was fined $50 million by the SEC and another $50 million by 32 state regulators for breaking securities laws. The U.S. Securities and Exchange Commission (SEC) has directed bankrupt crypto lender BlockFi to prioritize its obligation to repay

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