DCG told shareholders in its Q2 financial update that it is close to resolving the claims in the bankruptcy case of Genesis Capital.
DCG said it is close to resolving the claims in the bankruptcy case of its lending unit Genesis Capital.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Crypto conglomerate Digital Currency Group told shareholders in its second quarter financial update that it is close to resolving the claims in the bankruptcy case of its lending unit Genesis Capital.
The update comes a month after the Winklevoss Twins' Gemini, which is among Genesis' creditors, sued the firm alleging fraud. In DCG's letter to investors, it said that"after months of tireless negotiations led by DCG leadership, we are close to reaching an agreement in principle to resolve the claims in the Genesis Capital Chapter 11 cases."for Chapter 11 bankruptcy protection in the U.S.
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