Genesis has completed its restructuring and started distributing $4bn in digital assets and USD to creditors.
Key points include:
⚫ BTC creditors: 51.28% recoveries in BTC
⚫ ETH creditors: 65.87% recoveries in ETH
⚫ Altcoin creditors: 87.65% recoveries
⚫ Solana creditors: 29.58% recoveries
⚫ USD/stablecoin creditors: 100% recoveries in USD
A $70m litigation fund is set up to pursue actions against third parties, including DCG.