DCG and Genesis Reach Initial Deal With Key Creditors

The Digital Currency Group (DCG) and Genesis announced recently that they had secured an in-principle agreement with the subsidiary’s key creditors, regarding the terms of a restructuring plan. The group of creditors holds or represents more than $2 billion in asserted claims against Genesis Global Capital, the largest being crypto exchange Gemini’s $800 million exposure. The post DCG and Genesis Reach Initial Deal With Key Creditors appeared first on Coin Edition .