As of now, Genesis' claims for Bitcoin or Ethereum over $10 million are between 97-110%, while claims under $1 million are between 74-94%. For accounts valued between $1- $10 million, Genesis accounts have 89-91% claim transactions in fiat or stablecoin, and 73-88% claim transactions for less than $1 million. Genesis' parent company, DCG, will not be compensated in the lawsuit.
According to a recent filing, Genesis recently received court approval to distribute $3 billion in cash and cryptocurrency to its creditors, representing about 77% of the value of customer claims, but DCG will not be included in the Entity List payments.
Genesis publishes claim ratios, with claims rates between 97-110% for accounts over $10 million
2024-05-20 07:28:21
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