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Crypto lender Genesis pauses withdrawals following unprecedented FTX collapse
Crypto exchange Gemini Trust in October sued Genesis, its former business partner, over the shares, saying they were pledged as collateral on. Stay up-to-date with the latest Genesis news, analysis, and in-depth articles. Expert opinions, breaking news, and real-time updates on Genesis news page. DCG claims Genesis' revised plan violates the bankruptcy code, favoring some creditors unfairly. The group criticized the plan's complicated.

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Major Genesis creditors have also agreed to procedures that would value digital assets closer to their current market value, reflecting how crypto prices have increased considerably since Genesis filed Chapter 11 in January Try one of these. According to the Bloomberg report, the settlement ensured that assets supposed to go to the state regulator would be returned to former Earn customers and other Genesis creditors instead.