According to Foresight News, CoinDesk reported that Genesis Global Holdco announced the final details of the proposed plan to sell with Genesis Global Trading to help the parent company Digital Currency Group (DCG) repay some of the company's creditors. DCG will transfer its equity in Genesis Global Trading to Genesis Global Holdco. At the same time, Genesis assets will be "equitized" and jointly agreed upon by Genesis, GGC creditors, ad hoc group advisors and DCG. If the sale process does not lead to the sale of all or most of Genesis' assets, it will be reorganized according to the revised plan, and GGC creditors will obtain 100% equity in the reorganized GGH.