Genesis, Unsecured Creditors Ink Deal Over Earn Accounts
By Emilie Ruscoe · August 29, 2023, 8:53 PM EDT
Bankrupt cryptocurrency lender Genesis Global Holdco LLC has reached an agreement in principle with unsecured creditors and its parent company that, if finalized, would provide for a "comprehensive resolution" of the company's...
Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.
Case Number
23-bk-10063
Judge
Sean H. Lane
Venue
U.S. Bankruptcy Court for the Southern District of New York