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Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing $4B in digital assets and cash to creditor


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2024-08-02 19:30:12
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Crypto Currency

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Olga Kharif / Bloomberg:

Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing ~$4B in digital assets and cash to creditors  —  - Bitcoin creditors will receive 51% recovery on in-kind basis  — Genesis distributions come soon after Mt Gox repaid billions




Olga Kharif / Bloomberg:

Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing ~$4B in digital assets and cash to creditors  —  - Bitcoin creditors will receive 51% recovery on in-kind basis  — Genesis distributions come soon after Mt Gox repaid billions



Source: TechMeme
Source Link: http://www.techmeme.com/240802/p21#a240802p21


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