The plan for losses of Genesis investors is torn due to new creditors' claims – Bits Media

According to Genesis Capital, A group of company creditors disavowed previously reached agreements and abandoned their old claims, Having put forward new requirements.

In accordance with the compensation plan for losses, previously agreed in the court in cases of Bankruptcy Genesis Capital, The injured party was supposed to receive compensation in the amount 80% Means, lost due to bankruptcy. However, the execution of the compensation plan for losses approved by the court was disrupted due to new claims, which was nominated by a group of investors Genesis.

“More than two months after that, How all parties agreed to settlement and approved the decision in the court in bankruptcy cases, The Genesis Capital group of creditors abandoned their claims and put forward new. It is difficult for us to understand the logical justification of these actions, Given the limited participation of the parties in the court sessions ", - said representatives of Genesis.

The cryptocreal assures, that the task of quick and fair settlement of disputes of all interested parties remains in the priority. Nevertheless, the Genesis administration finds it difficult to give a forecast for the terms and amount of compensation in connection with a protracted trial.

“We don't know, how much other creditors are aware of such an event development. This will undoubtedly delay the trial, since we will have to compare new requirements with concessions, to which we went earlier ", - commented on uncleaned new requirements in Genesis.

Previously cryptocurrency conglomerate Digital Currency Group (DCG) Reported
about the results 2022 year. In the report, the year was called complex, and the total loss of the company was about $1,1 billion.