NEW YORK, Feb 7 (Bernama-BUSINESS WIRE) — Genesis Global Holdco, LLC (“Genesis” “GGH” or the “company”) today announced that it has reached an agreement in principle among Digital Currency Group (“DCG”) and the ad hoc groups of creditors of Genesis Global Capital, LLC (the “Ad Hoc Groups”) which, in the aggregate, hold or represent more than $2 billion in asserted claims.
The agreement in principle lays out a framework for a global resolution that will maximize value for all Genesis clients and stakeholders.