NEW: Parties involved in the Genesis Global bankruptcy proceedings, including DCGco, have agreed to a 30-day mediation period after a number of creditors walked out on a previous reorganization agreement. iamsandali reports
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Genesis Global, along with its creditors and other parties have agreed to a 30-day mediation period pending the appointment of a mediator, lawyers for the bankrupt crypto lender said during a Friday hearing.earlier in the week to appoint a mediator to assist in the terms and conditions of Genesis' owner Digital Currency Group 's contribution to the debtors' reorganization plan. DCG is also the parent company of CoinDesk.by a subset of creditors to walk away from a previous agreement.
Following FTX's collapse last November, Genesis' lending arm halted withdrawals and later, the firm filed for bankruptcy protection. In February,
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