Billion-Dollar Crypto Payout: Genesis to Distribute Bitcoin and Ethereum to Creditors
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The bankruptcy proceedings of the cryptocurrency firm Genesis are advancing. As part of these proceedings, billions of dollars worth of crypto assets, including Bitcoin and Ethereum, will be distributed to creditors. Genesis has completed the administrative phase of the bankruptcy process.
The detailed information about the distribution process and how it will impact creditors remains to be seen. Nevertheless, the distribution marks a significant step in the bankruptcy resolution process for Genesis.
Source: en.coinotag.com ↗
