Should the revised plan come to fruition, Genesis creditors are estimated to recover from 70% to 90% in terms of USD equivalents.
Genesis Global Holdco’s parent company, Digital Currency Group , has reached an in-principle deal with the creditors to resolve the claims of the bankrupt crypto lender.
The filing also notes that Genesis’ liabilities include $630 million in unsecured loans due in May 2023 and $1.1 billion under an unsecured promissory note due in 2032.
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