Genesis no longer seeks restructuring, instead looking to liquidate assets
The US government has stated that the latest bankruptcy plan submitted by encrypted lending company Genesis represents a significant change in plans. The company is now seeking to liquidate assets instead of restructuring.This change occurred after the New York Attorney General sued Genesis and its parent company Digital Currency Group (DCG), which could lead to delays in the liquidation process.
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
Today's Fear and Greed Index fell slightly to 93, and the level is still extremely greedy
Breaking Down the Best: Why Qubetics, Ethereum, and Chainlink Are Leading November’s Crypto Scene
Court extends pretrial detention of Tornado Cash developer Pertsev