Digital Currency Group (DCG) has tentatively settled with Genesis creditors regarding bankruptcy claims, potentially recovering 70%-90% in USD equivalent or 65%-90% in kind for unsecured creditors. DCG, also CoinDesk’s parent company, plans a staggered repayment scheme to cover liabilities of about $1.73 billion.
DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
