
SEC Delays $30 Million Payment to BlockFi Amid Bankruptcy Proceedings
The SEC has delayed the payment of a $30 million penalty imposed on BlockFi until all creditors are reimbursed, as the regulator waives off the outstanding amount owed by BlockFi to expedite the distribution of funds to investors, while the company has committed to reimbursing its California-based customers with an amount exceeding $100,000.