DCG Sues Genesis for $105 Million Amidst Bankruptcy Dispute

A legal battle is brewing between Digital Currency Group (DCG) and its subsidiary, Genesis Global Capital, as DCG demands over $105 million in repayment related to a $1.1 billion promissory note issued during the 2022 crypto crash. This comes amid Genesis’s ongoing bankruptcy proceedings and accusations of mismanagement by DCG, with Genesis counter-claiming $3.1 billion in fraud and mismanagement. The dispute highlights growing tensions within the cryptocurrency sector regarding creditor priorities and financial obligations as market uncertainty persists.