The “First Day Hearing” of crypto lender Genesis Global Capital in its Chapter 11 bankruptcy case will take place on Monday, Jan. 23 at 2:00 p.m. ET, according to court filings.
Genesis Global Capital became one of the crypto firms most affected by the collapse of FTX, which led to bankruptcy filings. Its parent company, Digital Currency Group, also denied involvement in Genesis’ bankruptcy filing.
“Genesis has its own independent management team, legal advisors, and financial advisors. and appointed a special committee of independent directors It is responsible for the restructuring of Genesis Capital and guides and decides Genesis Capital in Chapter 11 filings which both DCG and any of its employees. Including those who serve on Genesis’ Board of Directors, were not involved in the decision of the bankruptcy filing.”
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