Genesis, a crypto lending giant, and its parent company Digital Currency Group (DCG) have reached a $620 million repayment deal to settle a lawsuit. The agreement includes a repayment plan with DCG set to repay $275 million early next year. The settlement also involves principal forgiveness and requires approval from creditors. The deal aims to resolve potential costly and lengthy legal proceedings.
Bankrupt crypto lender Genesis has reached a new agreement with its parent, Digital Currency Group, moving the company closer to resolving billions of dollars in crypto claims https://t.co/CEjahAOARI
Talks between Ghana and its creditors to rework the nation’s bilateral debt — which would unlock $600 million from the IMF if successful — are deadlocked over what they should include https://t.co/UA9j8gmWzt
Talks between Ghana and its creditors to rework the nation’s bilateral debt — which would unlock $600 million from the IMF if successful — are deadlocked over what they should include https://t.co/W9js1gPH9K
Talks between Ghana and its creditors to rework the nation’s bilateral debt — which would unlock $600 million from the IMF if successful — are deadlocked over what they should include https://t.co/RlbSaZ5sMQ
Genesis and DCG reach deal for overdue debt, creditors to vote https://t.co/WyinV769KH
Genesis and DCG have proposed a deal to settle their lawsuit with a repayment plan. https://t.co/LNi4m732ZN
DCG & Genesis fraud update: DCG and its wholly owned (read: conflicted) subsidiary, Genesis, have proposed a settlement. It includes hundreds of millions of dollars in principal forgiveness. Creditors must approve the deal. DCG subsidiary Grayscale is generating hundreds… https://t.co/NSdGGnAdUa
A lawsuit filed by Genesis against its parent company DCG could soon conclude after the two reached an agreement that would see the latter repay $275 million early next year. https://t.co/1cPGePuePA
Crypto lending giant Genesis has reached a new repayment deal agreement with its parent company Digital Currency Group. https://t.co/tCw3pubrCG
Genesis and DCG have proposed a deal to settle their lawsuit with a repayment plan, @thesamreynolds reports https://t.co/DUgDfREMVJ
Genesis and its parent company, DCG, have shaken hands on a $620 million repayment deal aimed at resolving what could have been a costly and lengthy lawsuit against DCG. https://t.co/GGR4bB4Prj