Genesis Gets OK To Resolve $1B In Three Arrows Claims
By Rick Archer · November 30, 2023, 4:59 PM EST
A New York bankruptcy judge Thursday approved bankrupt cryptocurrency lending platform Genesis Global Holdco LLC's $33 million settlement resolving $1 billion in claims by bankrupt crypto hedge fund Three Arrows Capital....
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