⚡️ Genesis Global Capital files a lawsuit against Gemini Trust to recover $689M

Genesis Global Capital is suing Gemini Trust for allegedly making preferential transfers worth approximately $689M. The lawsuit is aimed at recovering alleged preferential transfers and is part of an ongoing legal battle between the firms following the collapse of crypto exchange FTX, hedge fund Three Arrows Capital and the Terra ecosystem last year. These transactions described in the lawsuit are claimed to have occurred during a critical 90-day period leading up to Genesis's Chapter 11 bankruptcy proceedings in January.

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