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DCG’s Payment Plan on Shaky Ground as Genesis Lender Group Objects

The Ad Hoc Group, a group of creditors claiming approximately $2.4 billion against bankrupt digital asset lender, Genesis, has opposed the in-principle agreement reached between Digital Currency Group (DCG) and the Committee of Unsecured Creditors (UCC).Genesis Lender Group Opposes DCG DealA court document filed yesterday (Tuesday) shows that DCG, the parent company of Genesis, agreed to pay $275 million before Genesis’ Chapter 11 bankruptcy plan becomes effective. The blockchain-focused venture... Read More

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Posted: Aug 30 2023, 16:21

Author Name: financemagnates

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