Genesis Global Holdco’s parent company, Digital Currency Group (DCG), has reached an in-principle deal with the creditors to resolve the claims of the bankrupt crypto lender.
According to the court filing on August 29, the approval of the plan could yield unsecured creditors’ recoveries ranging from 70% to 90% in USD equivalent and recovery rates of 65% to 90% in kind, depending on the denomination of the digital asset.
The post DCG and Genesis Forge Agreement for Up to 90% Recoveries for Creditors: Report appeared first on CryptoPotato.
Genesis Global Holdco’s parent company, Digital Currency Group (DCG), has reached an in-principle deal with the creditors to resolve the claims of the bankrupt crypto lender.
According to the court filing on August 29, the approval of the plan could yield unsecured creditors’ recoveries ranging from 70% to 90% in USD equivalent and recovery rates of 65% to 90% in kind, depending on the denomination of the digital asset.
The post DCG and Genesis Forge Agreement for Up to 90% Recoveries for Creditors: Report appeared first on CryptoPotato.