Genesis creditors: NYAG lawsuit proves Genesis knowingly committed deception at the direction of parent company DCG
A direct creditor of Genesis and member of the Fair Deal Group wrote a letter to the bankruptcy judge on Friday, drawing attention to the lawsuit filed against Genesis by the New York Attorney General yesterday. The letter claims that the lawsuit details how Genesis intentionally deceived creditors under the instruction of its parent company DCG. Creditors have told DL News that the NYAG "has done all the hard work for us". It is reported that most Genesis creditors are against the proposed bankruptcy plan.
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.
You may also like
Analyst Predicts Final Altcoin Rally, Utility Key to Gains
Altcoins may be on the cusp of one last major rally in the current market cycle, but only those with strong fundamentals and real-world utility are likely to see meaningful gains, according to Jamie Coutts, chief crypto analyst at Real Vision.
Kairos Research Report Reveals Jito’s Key Role in Solana’s 2024 Resurgence
A new report from Kairos Research highlights Jito’s pivotal role in Solana’s remarkable resurgence in 2024, transforming the blockchain’s infrastructure and economic landscape after the FTX collapse.
Rug Pulling, Market Maker Raking, What Can Save the Much-Maligned TGE?
DeFi-native TGE is a model that combines capital raising with the formation of public liquidity, overcoming traditional TGE shortcomings through on-chain liquidity and a transparent mechanism.
Grayscale Submits S-1 for Spot Solana ETF with SEC
Trending news
MoreCrypto prices
More
