Genesis Says Parent Crypto Co. Must Pay For $33M 3AC Deal
By Hilary Russ · February 8, 2024, 7:18 PM EST
Bankrupt cryptocurrency lender Genesis says its parent company, conglomerate Digital Currency Group, should be on the hook for paying a $33 million settlement to defunct crypto hedge fund Three Arrows Capital....
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