Genesis Lawsuits Threaten Grayscale’s $33 Billion IPO: Legal and Market Fallout

Grayscale’s much-anticipated initial public offering (IPO) is facing legal challenges due to the fallout from Genesis’ bankruptcy. Key lawsuits focusing on governance and creditor treatment are raising significant concerns about the future of the $33 billion offering. The legal battles, alongside questions surrounding fund management practices and a disputed $1.2 billion in transfers, have shaken market confidence and cast doubt on the broader crypto industry’s trust in governance.