š Good news for crypto fans! Digital Currency Group (DCG) has just announced that it has repaid all short-term loans from its bankrupt subsidiary, Genesis. In the past year, DCG has repaid more than $1 billion in debt to various creditors.
š„ Interesting facts:
- DCG allocated nearly $700 million to Genesis, thereby meeting all current obligations.
- Genesis filed a lawsuit against DCG to recover over $610 million in overdue loans.
- Genesis and DCG ultimately reached a settlement agreement, with DCG committing to pay $200 million.
š¤ Does this mean the crypto industry will become more stable and develop? What is your opinion? Come on, discuss it in the comments column! š
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