Genesis Seeks Court Nod to Cut 3AC Claim to $33M

Genesis, the crypto lender facing bankruptcy, has made a decisive move to streamline its Chapter 11 reorganization. The firm has sought court approval to significantly reduce the claim of Three Arrows Capital (3AC), a defunct hedge fund, from over $1 billion to $33 million. This proposed settlement marks a critical step in Genesis’s reorganization efforts, The post Genesis Seeks Court Nod to Cut 3AC Claim to $33M appeared first on CoinGape .