TAC Protocol (TAC) news

Turtle will conduct the Genesis airdrop and announce TURTLE allocation details; airdrop query will be launched soon.

Turtle bets liquidity not vanity will rule crypto with new leaderboard system

Digital Currency Group (DCG) drags subsidiary Genesis Global Capital to court over $1.1B

Share link:In this post: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary, Genesis Global Capital LLC, concerning a $1.1 billion promissory note. The $1.1 billion promissory note is a safeguard that Genesis had in place. Genesis also sued DCG for $2.1 billion to get more funds to pay back additional customers, accusing it of fraud and mismanagement amounting to $3.1 billion.

Digital Currency Group files lawsuit against subsidiary Genesis over $1.1. billion promissory note amid post-crash fallout

Quick Take In the complaint, Digital Currency Group said it tried to fix a potential “hole” following the collapse of crypto hedge fund Three Arrows Capital in 2022. DCG is asking the court to order Genesis Global Capital to pay it over $105 million plus interest.

Bitget Launches 7th VIP Tuesday Lucky Draw Event with a Top Prize of 5,500 TANSSI

COTI Joins Forces with Tokenized Asset Coalition to Accelerate $1 Trillion On-Chain Asset Goal