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Digital Currency Group Sues Subsidiaries Over $1.1B Debt
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Legal DisputeCryptocurrency
Updated a few seconds ago

Digital Currency Group Sues Subsidiaries Over $1.1B Debt

Digital Currency Group is embroiled in legal battles with its subsidiaries, including Genesis, over a total of $1.1 billion in promissory notes linked to the fallout from the 2022 cryptocurrency crisis. The lawsuits, filed in U.S. Bankruptcy Court, underscore the ongoing financial turmoil within the crypto sector.

Related Articles
Digital Currency Group sues subsidiaries over $1.1B promissory note
Cointelegraph14 hours ago
Digital Currency Group sues subsidiaries over $1.1B promissory note
NegativeCryptocurrency
Digital Currency Group is suing its subsidiaries over a $1.1 billion promissory note linked to the collapse of Three Arrows Capital in 2022. This legal dispute highlights ongoing challenges in the cryptocurrency sector.
Editor’s Note: This lawsuit is significant as it underscores the financial turmoil within the cryptocurrency industry, particularly following the downfall of major players like Three Arrows Capital. It raises questions about the stability and regulatory oversight of digital assets.
Read full article
via Cointelegraph
DCG sues Genesis over promissory note debt amid bankruptcy challenges
CryptoSlate15 hours ago
DCG sues Genesis over promissory note debt amid bankruptcy challenges
NegativeCryptocurrency
Digital Currency Group has filed a lawsuit against its subsidiary Genesis, claiming over $105 million in owed debt related to a financial backstop during the 2022 crypto downturn. The case is currently in the U.S. Bankruptcy Court for the Southern District of New York.
Editor’s Note: This lawsuit highlights the ongoing financial struggles within the cryptocurrency sector, particularly for companies like DCG and Genesis that are navigating the aftermath of the 2022 market crash. It raises questions about the future of these firms and the broader implications for the crypto industry.
Read full article
via CryptoSlate

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