Genesis, Digital Currency Group Reach In-Principle Agreement to Settle Creditors' Claims



Digital Currency Group (DCG) has reached an agreement in principle with Genesis Global's creditors to resolve claims arising from the crypto lender's bankruptcy. The agreement aims to provide a fair recovery for creditors, with unsecured creditors potentially seeing a recovery ranging from 70% to 90% in US dollars. The agreement also addresses DCG's existing liabilities, including unsecured loans and a promissory note.
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