DCG Reaches Preliminary Agreement with Genesis Creditors, Offering Potential 70%-90% Recovery
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...
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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....
Read More: DCG Reaches Preliminary Agreement with Genesis Creditors, Offering Potential 70%-90% Recovery
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