Genesis and its majority creditors are defending the cryptocurrency lender's proposed chapter 11 liquidation plan against objections from its parent company, Digital Currency Group. Concurrently, Genesis has proposed a $2 billion settlement offer for users affected by the closure of the Gemini Earn program, with the bankruptcy court's approval pending. In a related development, Celsius Network is seeking to reclaim $2 billion withdrawn by customers just before its bankruptcy filing, indicating a significant financial recovery effort amidst the crypto platform's liquidation process. Genesis asked a bankruptcy court to approve the settlement, while Gemini submitted a statement in support of the plan.