Genesis is starting to pay back debts - $4 billion in cryptocurrency and fiat! - BusinessWire 💱

Genesis has begun making approximately $4 billion in distributions of digital assets and dollars to creditors under its Chapter 11 plan.

Under the initial distribution, creditors will receive an average of 64% of recoveries in kind, coin for coin, as described below:

On the Effective Date, $BTC creditors will receive a 51.28% in-kind recovery in the form of BTC, and $ETH creditors will receive a 65.87% in-kind recovery in the form of ETH.

As soon as practicable after the Effective Date, altcoin creditors (other than Solana) will receive an average of 87.65% in-kind recovery and $SOL creditors will receive 29.58% in-kind recovery
#GENESIS
#BTC☀
#ETH🔥🔥🔥🔥
#SolanaUSTD
#bitcoin☀️