Genesis creditors to expect 80% recovery under proposed restructuring plan By Cointelegraph

A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group (DCG), and creditors will see creditors getting back at least 80% of their funds.

On Feb. 6, Genesis Global announced it reached an “agreement in principle” with Digital Currency Group (DCG) and its creditors, which will eventually see its crypto trading and market-making arm sold as part of restructuring efforts.