Genesis lenders call DCG agreement ‘wholly insufficient’ By Cointelegraph

The lenders of bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties, including Digital Currency Group (DCG).

On Aug. 29, the ad hoc group of Genesis Global Capital (GGC) lenders — represented by lawyers Brian Rosen and Jordan Sazant — responded to a public bankruptcy plan update, calling the reached in-principle agreement “wholly insufficient.”