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Coin Edition

2023-02-07 10:24:00

DCG and Genesis Reach Initial Deal With Key Creditors

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 .

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