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Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment

Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600...

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Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment
Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600 million.
Genesis, which declared bankruptcy in January this year following a 30% reduction in its workforce, stated in its recent filings that DCG and DCGI are in "wrongful possession of property" that rightfully belongs to Genesis Global Capital's bankruptcy estate....
Read More: Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment

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