币界网报道：Genesis Global Trading, the crypto brokerage arm of Digital Currency Group (DCG), has officially exited bankruptcy after an 18-month restructuring process. The firm reached a settlement with creditors, agreeing to distribute assets worth approximately $3 billion in crypto and cash. Genesis had filed for Chapter 11 bankruptcy in January 2023 following the collapse of crypto hedge fund Three Arrows Capital and lending platform Celsius. Under the approved plan, creditors will recover between 77% to 90% of their claims, with some receiving payouts in Bitcoin and Ethereum. DCG will contribute $275 million as part of the resolution. Meanwhile, former UK Chancellor of the Exchequer Philip Hammond has joined cryptocurrency custody firm Copper as a senior adviser, citing growing institutional interest in digital assets. In other news, Bitcoin miner Bitfarms announced a $240 million investment from Singapore-based fund Bitdeer to expand operations in Paraguay and Argentina. The deal includes $95 million in convertible notes and $145 million in equity financing. Separately, blockchain analytics firm Chainalysis reported that illicit crypto transactions dropped to just 0.34% of total volume in 2023, marking a significant decline from previous years. The findings suggest improved compliance measures across exchanges and DeFi platforms.