Odaily Planet Daily News According to market news, the crypto company Genesis defeated the challenge of its parent company DCG and was approved to repay billions of dollars to creditors. (unfolded) Earlier in April, Gemini Trust released an update on the Earn plan: At a hearing on April 16, the bankruptcy court verbally approved the global settlement agreement between Gemini, Genesis and other creditors in the Genesis bankruptcy case. This is another milestone in the process of achieving full recovery of Earn users' digital assets. The settlement agreement stipulates that as of the suspension date (November 16, 2022), the initial distribution amount distributed to Earn users will be approximately 97% of the digital assets owed to users, and the initial distribution is expected to be carried out in late May or early June. The remaining distribution amount will be recovered from Digital Currency Group, Inc (DCG).
