Techub News reported that according to Reuters, cryptocurrency loan company Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in bankruptcy liquidation.

It is worth noting that U.S. Bankruptcy Judge Sean Lane rejected the objection raised by DCG, which believed that the amount Genesis paid to customers and creditors should not exceed the valuation of crypto assets when Genesis filed for bankruptcy in January 2023. Since Genesis filed for bankruptcy, cryptocurrency prices have risen sharply, and DCG and Genesis disagreed on who should benefit from the price increase. In the end, the judge ruled that Genesis should return to customers in the form of cryptocurrency when possible, but Genesis did not have enough cryptocurrency to return everything it owed.