Genesis Hits $33M Deal On Three Arrows $1B Ch. 11 Claim
By Vince Sullivan · November 13, 2023, 5:59 PM EST
Bankrupt cryptocurrency lending platform Genesis Global Holdco said in recent court filings that it has reached a deal with Three Arrows Capital Ltd. that resolves more than $1 billion in claims...
Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.
Case Number
23-bk-10063
Judge
Sean H. Lane
Venue
U.S. Bankruptcy Court for the Southern District of New York