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Genesis Global Capital, a bankrupt crypto lender, is facing opposition from its parent company Digital Currency Group (DCG) as it seeks court approval for distributing assets to creditors. Genesis kicked off a multi-day court hearing on its proposal to repay customers in bankruptcy, with DCG accused of trying to 'take a cut' of customer repayment.
Genesis Global on Feb. 26 kicked off a multi-day court hearing on its proposal to repay customers in bankruptcy. Genesis' attorney said the company's parent Digital Currency Group is trying to cut in line ahead of customers of Genesis https://t.co/MwBEeK3eaW https://t.co/2G3Jm1sc9s
Crypto lender Genesis Global kicked off a multi-day court hearing on its proposal to repay customers in bankruptcy, asking a U.S. bankruptcy judge to overrule its parent company Digital Currency Group's objections to its Chapter 11 plan https://t.co/MwBEeK3M0u
Genesis says DCG is trying to 'take a cut' of customer repayment https://t.co/4EqWeH9rJ2 https://t.co/lKJgj91eTO
