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Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information

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Gemini tries to line up other creditors in new Genesis bankruptcy plan -The Information

A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello Acquire Licensing Rights Sept 1 (Reuters) – Cryptocurrency exchange Gemini is trying to rally other creditors behind a plan to wring more money out of … Read more

Genesis, DCG reach in-principle deal with creditors – court filing

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Genesis, DCG reach in-principle deal with creditors – court filing

Aug 29 (Reuters) – Genesis Global and its parent company Digital Currency Group have reached an in-principle agreement with Genesis’ creditors to resolve claims brought during the crypto lender’s bankruptcy, a court filing showed on Tuesday. The plan could lead to a recovery of about 70%-90% in U.S. dollar equivalent for unsecured creditors and about … Read more