Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others

Oluwapelumi Adejumo

Genesis has finalized its restructuring process and started distributing roughly $4 billion in digital assets and US dollars to creditors, according to an Aug. 2 statement. The company revealed that creditors will recover an average of 64% of their crypto claims, depending on the coins. Bitcoin holders will regain 51.28% of their holdings, Ethereum creditors […]

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Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others