The post Creditors Oppose the Genesis-DCG Bankruptcy Deal! appeared first on Coinpedia Fintech News
Genesis Global Capital and parent company Digital Currency Group (DCG) are being opposed by a group of creditors who have described the treatment of over a billion dollars in outstanding loans as “wholly insufficient”. Genesis filed for bankruptcy in January after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX. DCGs agreement to make a series of partial repayments to satisfy liabilities as part of the deal has been criticized by the group, which has threatened to block any final bankruptcy deal agreeing to the plans.
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