Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Creditors say DCG has not met repayment demands from bankrupt subsidiary Genesis Global

Creditors say DCG has not met repayment demands from bankrupt subsidiary Genesis Global

CointimeCointime2024/01/09 00:20
By:Cointime

Creditors of Digital Currency Group (DCG) claim that DCG has not fulfilled repayment requirements for its bankrupt subsidiary, Genesis Global. In court documents filed on Monday, the organization stated that DCG entities "continue to hold significant amounts of assets belonging to the debtor and its creditors in the form of both U.S. dollars and Bitcoin." Genesis and other creditors allege that DCG still owes an unspecified amount of Bitcoin as well as $26 million in interest and penalties. DCG claimed last Friday that it had fulfilled its short-term loan obligations to Genesis.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!