DCG Reaches Preliminary Agreement with Genesis Creditors, Offering Potential 70%-90% Recovery

Publikováno: 29.8.2023

#Blockchain News #Genesis #Digital Currency Group #Gemini #Barry Silbert

Digital Currency Group has reached a preliminary agreement with Genesis creditors to settle the claims by reimbursing 70-90% in USD equivalent to unsecured creditors.
As per a court filing, the in-principle deal reached with Genesis creditors offers up to 65%- 90% recovery on an in-kind basis depending on the denomination of particular cryptocurrencies.
Exact details of the recovery are subjected to final agreement between the two parties and the market prices at the time....
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