in

Bankrupt crypto lender Genesis sues Gemini to recover $689M of ‘preferential transfers’

The lawsuit alleges that during the 90-day period before Genesis filed for bankruptcy in January, Gemini withdrew an “aggregate gross amount of no less than approximately $689,302,000” at the expense of other creditors and continues to benefit through retaining the property Genesis seeks to recover. Genesis’s council requested the court to use the remedies provided by the United States Bankruptcy Code to correct the “unfairness and return Defendants to the same position as Plaintiff’s other similarly-situated creditors.”

Continue Reading on Cointelegraph


Source: Cryptocurrency - investing.com

‘Napoleon’ is Apple’s latest bid to seize cinematic prestige – and Oscars

Exclusive-UK debt chief says demand back after mini-budget debacle