FTX and Genesis Reach Agreement in Ongoing Bankruptcy Dispute
Submitted by Anonymous (not verified) on Fri, 07/28/2023 - 07:20Crypto lender Genesis Global Capital is FTX’s largest unsecured creditor, with $226 million in claims.
Crypto lender Genesis Global Capital is FTX’s largest unsecured creditor, with $226 million in claims.
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues.
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues.
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
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