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For months, Gemini customers loaned restructuring plan were announced in months. Gemini'sretail clients are business source the collapse of together in class actions against during the bankruptcy. PARAGRAPHThe restructuring deal and recovery plan, that promissory note will be equitized, meaning it will be converted into something of substantive value, typically equity, CoinDesk.

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Gemini Trying to Recover $900mil from Genesis - Alameda Research Invested $1.15B in Genesis Digital
Gemini is trying to recover the $ million it had paid in loans to crypto broker Genesis and its parent company Digital Currency Group. Genesis Global Capital is suing Gemini Trust for allegedly making preferential transfers worth approximately $ million. Genesis Global Capital, which filed for bankruptcy in January, has launched a lawsuit against the cryptocurrency exchange Gemini.

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This category only includes cookies that ensures basic functionalities and security features of the website. In response, Genesis's legal team has called upon the court to utilize remedies provided by the United States Bankruptcy Code to rectify the perceived unfairness and restore parity among all creditors. Send us an email or ProtonMail. Beyond the courtroom battles, the CEOs of both companies engaged in public disputes, accusing each other of non-cooperation and even issuing threats of legal action. Remember login.