The settlement agreement between Three Arrows Capital and BlockFi has been approved by a U.S. judge and is currently still under confidentiality

ChainCatcher news, according to Cointelegraph, at a hearing on February 6, New Jersey bankruptcy court judge Michael Kaplan approved a settlement agreement between Three Arrows Capital (3AC) and BlockFi to prevent further legal disputes. This is because BlockFi claims that 3AC owes it $129 million, while 3AC claims that BlockFi owes it $280 million.

The judge denied the motion to unseal the settlement agreement, stating that doing so "would be against intuition," and rebutted the U.S. trustee's objections to unsealing, arguing that the terms should be disclosed since the debtor did not prove the necessity to unseal the settlement agreement. However, BlockFi's motion to seal certain information argues that these terms are commercially sensitive and could impact the lawsuit against the bankrupt cryptocurrency exchange FTX.