Digital Currency Group (DCG) has sued its bankrupt subsidiary Genesis Global Capital, seeking to recover over $105 million plus interest. DCG pointed out that it voluntarily provided Genesis with a $1.1 billion promissory note after the collapse of Three Arrows Capital in 2022 to cover accounting losses. With the market rebound, Genesis has obtained recovery proceeds exceeding the amount of the promissory note through related collateral assets.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
BearMarketGardenervip
· 08-15 15:57
Ha ha, biting oneself.
View OriginalReply0
ChainDoctorvip
· 08-15 15:57
Paying back is harder than robbing.
View OriginalReply0
VCsSuckMyLiquidityvip
· 08-15 15:53
A delicate white lotus, also just for profit.
View OriginalReply0
GasFeeVictimvip
· 08-15 15:48
Tear it up, tear it up, let's fight!
View OriginalReply0
DegenDreamervip
· 08-15 15:36
What's going on? Is there infighting again?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)