Creditors say DCG has not met repayment demands from bankrupt subsidiary Genesis Global
Creditors of Digital Currency Group (DCG) claim that DCG has not fulfilled repayment requirements for its bankrupt subsidiary, Genesis Global. In court documents filed on Monday, the organization stated that DCG entities "continue to hold significant amounts of assets belonging to the debtor and its creditors in the form of both U.S. dollars and Bitcoin." Genesis and other creditors allege that DCG still owes an unspecified amount of Bitcoin as well as $26 million in interest and penalties. DCG claimed last Friday that it had fulfilled its short-term loan obligations to Genesis.
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