Digital Currency Group Sues Its Subsidiary Genesis Over $1.1 Billion in Receivables
According to a report by Jinse Finance, Digital Currency Group has filed a lawsuit against its subsidiary Genesis for $1.1 billion in accounts receivable in the aftermath of the cryptocurrency market crash. In the complaint, Digital Currency Group stated that after the collapse of the crypto hedge fund Three Arrows Capital in 2022, the group attempted to fill a potential "gap." Digital Currency Group is now requesting the court to order Genesis Global Capital to pay it more than $105 million plus interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Shanghai's fintech industry scale in 2024 is approximately 440.5 billions yuan.
A certain whale shorted 5,000 ETH with 5x leverage, worth approximately $15.02 million.
Froggie market cap is now $8.18 million, with a 24-hour increase of 37.09%.
Trending news
MoreCrypto prices
More
