News with the tag "Genesis repayment"

Genesis Global Holdco has agreed to a $2 billion agreement with the New York State Attorney General’s office. This decision comes after long negotiations that emerged from accusations of misguiding financial transactions related to Genesis’s operations. The settlement, which must be approved by a ba...

Genesis Global has been given the green light by the bankruptcy court to start a payout plan that will give back almost 97% of its assets to its creditors. The decision was made after the court found that the Amended Plan proposed by Genesis is suitable for confirmation, thus allowing the disburseme...

Genesis Global, the bankrupt cryptocurrency lender secured a court approval in order to distribute billions of dollars in digital assets to the creditors. This is the second major announcement of debt repayment to creditors after FTX announced a similar plan earlier this month. Genesis’s Debt Repaym...