MEDIATION

Summary from the TLDR Crypto newsletter

A US bankruptcy judge is pushing BlockFi and 3AC into mediation over a $284 million dispute. If not resolved, a hearing is set for February to determine repayments to 3AC during its liquidation. The main contention is the date 3AC became insolvent and how this relates to payments made to BlockFi, with lawyers indicating up to $270 million was paid out in a potentially preferential manner.