DCG and Genesis Agree to Repayment Plan to Settle Lawsuit Over Unpaid Loans
- DCG and Genesis reach repayment plan to settle lawsuit per new bankruptcy filing
- Genesis sued DCG in September for $620M in unpaid loans; DCG has paid $227M so far
- New deal sees DCG pay Genesis additional $275M in installments by April 2023
- Deal includes $35M upfront payment and $10M from CoinDesk sale
- Deal requires creditor approval and doesn't fully repay $324M DCG still owes Genesis