You are currently viewing Digital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of funds

Digital Currency Group to pay $1.4B as agreement made with Genesis for up to 90% of funds

Genesis Global and affiliates have reached a deal in principle on a bankruptcy reorganization plan supported by creditors, according to a court filing Tuesday. The cryptocurrency lender aims to emerge from Chapter 11 protection after entering mediation in May to resolve disputes over a reorganization plan. Genesis announced in the court filing that mediation ended […]

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