Genesis seeks court approval to liquidate $1.6 billion in Grayscale Trust assets amidst bankruptcy, aiming to mitigate risks and maximize creditor returns amid market volatility.
BrianThe current offer would mean selling the company to Farenheit Consortium, and customers getting between 67-85% of their money back.
ClementBankrupt crypto broker Genesis has filed details on how it will pay back its creditors.
decryptEarlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors.
OthersGenesis creditors are cautiously optimistic that they will soon reach consensus with the lender to reimburse at least $3.4 billion in frozen customers.
BeincryptoBankruptcy may be inevitable if a bailout cannot be secured.
BeincryptoSeparately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
CoindeskThe troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.
CoindeskGenesis has spent the past several days seeking at least US$1 billion (S$1.4 billion) in fresh capital.
Others“There will be no transaction with FTX, I think that is quite obvious,” Voyager's attorney said at a hearing on Tuesday.
