đ€ Genesis will return 77% of users' assets.
The court approved the bankruptcy of Genesis Global. The company will pay its creditors $3 billion in cryptocurrency and cash.
The court also rejected a lawsuit from the parent company, Digital Currency Group, which opposed creditors being paid more than the value of crypto assets at the time of bankruptcy.
Thanks to the court's decision, Genesis creditors will be able to recover 77% of their deposits.
Digital Currency Group is last in line for debt repayment.