Genesis’ bankruptcy plan faces pushback from parent company DCG over creditor payouts
CAT
1 min read
Digital Currency Group (DCG), the parent company of the defunct crypto lender Genesis, has filed an objection against the approval of its subsidiary’s bankruptcy plan, which was created via a “clandestine approach.” In a Feb. 5 court filing, DCG argued that Genesis’ plan aims to exceed legal obligations by overcompensating creditors. According to the firm, […]
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Genesis’ bankruptcy plan faces pushback from parent company DCG over creditor payouts
