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Court Approves Crypto Lender Genesis’ $3 Billion Payout to Customers

by SB Crypto Guru News
May 18, 2024
in Bitcoin
Reading Time: 1 min read
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News Bytes - 27Crypto lender Genesis Global obtained court approval Friday to return approximately $3 billion to its customers as part of its bankruptcy liquidation. U.S. Bankruptcy Judge Sean Lane approved Genesis’ Chapter 11 plan, overruling an objection from its equity owner, Digital Currency Group (DCG), which argued that repayments should be based on January 2023 cryptocurrency values. […]



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