BlockFi has been ordered to withdraw its unapproved restructuring plan

ChainCatcher news, the U.S. bankruptcy court has ordered the crypto lending company BlockFi to issue a correction letter stating that a declaration related to a liquidation plan published on May 13 was unauthorized and that support for the reorganization plan is not permitted.

The letter states: "Before any party lawfully encourages you to accept or reject any reorganization plan, the disclosure statement must be approved by the court." The letter also adds that creditors and other parties do not support the reorganization plan. (source link)