Digital Currency Group, the parent company of bankrupt crypto lender Genesis, has been barred from reducing ownership in the bankrupt firm until its bankruptcy proceedings conclude, according to a Dec. 18 court filing. Judge Sean Lane ruled that DCG’s ownership of the distressed crypto lender was crucial for securing tax benefits. These benefits hinge on […]
The post Court bars Digital Currency Group from reducing Genesis ownership during bankruptcy appeared first on CryptoSlate.
Originally appeared here:
Court bars Digital Currency Group from reducing Genesis ownership during bankruptcy