Digital Currency Group files lawsuit against subsidiary Genesis over $1.1. billion promissory note amid post-crash fallout
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最新报道：Digital Currency Group (DCG) has filed a lawsuit against its bankrupt subsidiary Genesis Global Capital, seeking repayment of a $1.1 billion promissory note issued during the 2022 crypto crash. DCG claims the note was voluntarily provided to cover losses from Three Arrows Capital's $2.36 billion default, but argues subsequent crypto market recoveries should have reduced the debt. The complaint alleges Genesis realized gains exceeding the note's principal amount and demands $105 million plus interest. This follows previous legal battles between the companies, including Genesis' $2.1 billion lawsuit against DCG and ongoing bankruptcy disputes where DCG, as an equity holder, contests repayment terms. Genesis recently began distributing $4 billion to creditors after emerging from bankruptcy.
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