Bankrupt cryptocurrency lender Genesis Global has received court approval to return about $3 billion in cash and cryptocurrency to creditors. Judge Sean Lane approved the Genesis Chapter 11 repayment plan on Friday, May 17.
In the ruling, Judge Sean Lane rejected an objection raised by DCG that the amount paid by Genesis to its customers and creditors could not exceed the value of the crypto assets at the time Genesis filed for bankruptcy in January 2023.
Genesis Global Receives Court Approval to Pay $3 billion
2024-05-18 08:09:24
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