Genesis and DCG reach settlement deal over unpaid debts amidst fraud allegations
Genesis and Digital Currency Group (DCG) have come to a settlement agreement over unpaid debts, but the deal still requires approval from creditors. DCG will pay its subsidiary, Genesis Global Capital, $295 million in US dollars and bitcoin by April to partially repay the $620 million owed. However, creditors must still agree to the deal. Gemini, a major Genesis creditor, has opposed the restructuring plans and is currently in a legal dispute with DCG over allegations of fraud. The Securities and Exchange Commission (SEC) has also sued both Gemini and Genesis for selling unregistered securities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — SAPIEN/USDT!
Bitget Will Delist MKR on 2025-08-22
Bitget to support PYUSD in unified trading account and multi-asset mode for USDT-M Futures
CandyBomb x SAPIEN: Trade futures to share 150,000 SAPIEN!
Crypto prices
More








