Digital Currency Group (DCG) Sues Genesis Over $1.1B Promissory Note скачать в хорошем качестве

Digital Currency Group (DCG) Sues Genesis Over $1.1B Promissory Note

Digital Currency Group (DCG) has filed a lawsuit against its subsidiaries Genesis Global Capital and Genesis Asia Pacific over a $1.1 billion promissory note. This note was issued in 2022 to protect Genesis from potential losses tied to the collapse of Three Arrows Capital (3AC). However, DCG now argues that Genesis actually profited significantly from the arrangement and is obligated to return payments made on the note. On the other hand, Genesis rejects the claims, calling the lawsuit baseless and contradictory to previous agreements. This legal battle adds another layer to the ongoing disputes between DCG and Genesis, which already involve fraud allegations and bankruptcy proceedings. The wider backdrop includes the 2022 crypto market crash, the downfall of 3AC, and the FTX collapse—all of which shaped Genesis’s financial troubles. This case could have major implications for crypto industry restructuring, trust in corporate governance, and the future of DCG and its subsidiaries. 📌 Subscribe -    / @cryptorobotyt   📧 Email: [email protected] #DCG #Genesis #CryptoNews #CryptoLawsuit #3AC #FTX #CryptoCrash #CryptoLegal #Bitcoin #Ethereum