Odaily Planet Daily News Genesis Global, a cryptocurrency lender that filed for bankruptcy in January 2023, announced that it had completed its reorganization process on Friday and has begun distributing approximately $4 billion worth of digital assets and U.S. dollars to repay creditors. When it filed for bankruptcy last year, Genesis disclosed that it had more than 100,000 creditors and debts of up to $10 billion. The company owes about $3 billion to its top 50 creditors, including cryptocurrency trading platform Gemini, asset management company VanEck, and trading company Cumberland. On average, Genesis creditors will recover 64% of their physical cryptocurrency repayments, with slightly different situations for each currency. Bitcoin creditors will recover 51.28% of BTC, Ethereum and Solana creditors will recover 65.87% of ETH and 29.58% of SOL, respectively, while creditors of stablecoins or U.S. dollars will receive 100% of the missing funds. (TheBlock)