[Genesis Global obtains court approval to pay $3 billion] Golden Finance reported that the bankrupt cryptocurrency lender Genesis Global obtained court approval to return approximately $3 billion in cash and cryptocurrency to creditors. Judge Sean Lane approved Genesis' Chapter 11 repayment plan on Friday, May 17. In his ruling, Judge Sean Lane rejected DCG's objection that the amount Genesis paid to its customers and creditors should not exceed the value of its crypto assets when Genesis filed for bankruptcy in January 2023.