BlockFi's bankruptcy reorganization plan has been approved by creditors.

According to BlockBeats news on September 30th, an email sent by BlockFi to creditors on Friday revealed that BlockFi's creditors have approved its bankruptcy restructuring plan, clearing one of the final obstacles in the process of ending the company's business and returning customer funds that has lasted for several months. BlockFi stated that the restructuring plan has been approved by over 90% of its creditors, which will enable BlockFi to recover assets lost due to the collapse of FTX and Three Arrows Capital, and compensate creditors with more funds. The notice sent to creditors stated that "the success of this process may increase customer claims, depending on the product and jurisdiction." In addition, the plan must be approved by the bankruptcy court before it can be finalized. The company stated that customers who hold funds in BlockFi interest accounts or BlockFi Retail Loans should receive their funds back in the coming months, and BlockFi will continue to distribute funds to BlockFi Wallet customers. (Coindesk)