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According to Techub News, as reported by Cointelegraph, BlockFi's bankruptcy trustee has reached an agreement with the U.S. Department of Justice (DOJ) to dismiss a lawsuit involving the transfer of $35 million in encryption assets. New Jersey Bankruptcy Court Judge Michael B. Kaplan approved the agreement on Friday.
This case dates back to May 2023, when the DOJ attempted to seize funds belonging to two Estonian citizens in BlockFi accounts, claiming it was related to a criminal fraud case. According to the settlement terms, the case was "dismissed and may not be refiled," with both parties bearing their own legal costs.