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cryptonews 2024-02-15 05:37:31

Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients

Genesis Global obtained bankruptcy court approval on Wednesday to sell its Grayscale Bitcoin Trust (GBTC) shares. The bankrupt crypto lender can now sell its 35m GBTC shares worth over $1.3b as part of efforts to reimburse customers. In a Feb. 14 hearing conducted via Zoom, Judge Sean Lane signed off on an order permitting the The post Court Frees Genesis to Sell GBTC Shares Worth $1.3B to Compensate Clients appeared first on Cryptonews .

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