Genius Group Banned from Buying More Bitcoin, Faces Financial Hardship Amidst Legal Dispute

Singapore-based AI firm Genius Group is facing restrictions on expanding its Bitcoin holdings after a US court issued an injunction preventing it from selling shares, raising funds, and purchasing additional Bitcoin. The order, issued by the New York District Court on March 13th in connection with a broader merger dispute, temporarily blocks Genius Group’s operations while awaiting arbitration results related to its merger with Fatbrain AI. 2024.