Genesis Creditors, Owners Allege Cash Grab At Plan Hearing
By Rick Archer · February 26, 2024, 10:46 PM EST
Customers and the equity owners of cryptocurrency lender Genesis on Monday accused each other of trying to rob them of assets they deserve, as the debtor began a confirmation hearing for...
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