BlockFi's $13.2 million settlement is on the verge of approval after the last objector, Yacov Baron, withdrew his motion to intervene and objection to the compensation agreement. The settlement addresses claims from approximately 89,000 interest account holders whose funds were frozen following BlockFi's collapse. The company's bankruptcy was precipitated by the 2022 crypto winter and its $680 million exposure to FTX, which filed for bankruptcy a day before BlockFi.