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Digital Currency Group (DCG) is opposing a settlement agreement between its subsidiary Genesis and the New York Attorney General, calling it a back-door attempt to circumvent bankruptcy law. The settlement includes the establishment of a victims' fund to aid creditors in recovering losses, potentially setting a major precedent in crypto bankruptcy cases. DCG has requested the bankruptcy court to reject the settlement.
The settlement between Genesis and the New York Attorney General’s office introduces a victims' fund that could help creditors recover more losses and set a major precedent in crypto bankruptcy cases. But its approval is uncertain. @karivmcmahon reports https://t.co/m5dkNvZsOy
📣 Latest News: Digital Currency Group objects to subsidiary Genesis' settlement with NYAG #news #cryptonews #crypto
Digital Currency Group (DCG) opposes the settlement between the New York Attorney General and Genesis https://t.co/akiHrvky9E
