US Court Halts Genius Group’s Bitcoin Expansion Amid Legal Fight

A U.S. court has temporarily blocked Singapore-based AI firm Genius Group from expanding its Bitcoin holdings, citing a legal dispute with the company’s merger partner, Fatbrain AI. The injunction, issued by the New York District Court on March 13, restricts Genius Group’s ability to sell shares, raise funds, or use investor capital for Bitcoin acquisition. This follows an ongoing legal battle stemming from Genius Group’s merger with Fatbrain AI, which was finalized in March 2024 but later disputed.