Genesis creditors: NYAG lawsuit proves Genesis knowingly committed deception at the direction of parent company DCG
A direct creditor of Genesis and member of the Fair Deal Group wrote a letter to the bankruptcy judge on Friday, drawing attention to the lawsuit filed against Genesis by the New York Attorney General yesterday. The letter claims that the lawsuit details how Genesis intentionally deceived creditors under the instruction of its parent company DCG. Creditors have told DL News that the NYAG "has done all the hard work for us". It is reported that most Genesis creditors are against the proposed bankruptcy plan.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Former SEC Chairman Gary Gensler Found a New Job! Will His View on Cryptocurrencies Change?
Former SEC Chairman Gary Gensler is returning to MIT as a professor of the practice, FOX Business correspondent Eleanor Terrett reports.
Top Analyst Blames Ripple CEO, Claims XRP Is Not Suitable For US! Here's Why…
Willy Woo claimed that XRP is not suitable for a strategic reserve, especially in the US.
JUST IN! Donald Trump's Company Announces $250 Million Investment! There Are Cryptocurrencies Too!
Trump's company, Trump Media Group, will invest $250 million in SMAs, ETFs and cryptocurrencies.
What’s the Latest on Ethereum? Are the Bulls in? Analyst Explains the Latest Situation
What is the latest situation in the world's largest altcoin, Ethereum? Have whale cryptocurrency investors finally gotten in?