Genesis Pays Out $4B to Creditors, but Crypto Market Tanks
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Genesis Global, a cryptocurrency lender, and its affiliated companies have completed their bankruptcy restructuring process. As a result, they have started distributing approximately $4 billion in digital assets and cash to their creditors. According to a statement released on Friday, Bitcoin (BTC) creditors can expect to receive 51.28% recoveries on an in-kind basis, while Ethereum The post Genesis Pays Out $4B to Creditors, but Crypto Market Tanks appeared first on Coin Edition .
Source: Coin Edition
