(Reuters) – Digital Currency Group has reached an in-principle deal with Genesis creditors to resolve the claims brought up in Genesis’ bankruptcy, Coindesk reported on Tuesday, citing a court filing.
The plan could result in the recoveries of 70%- 90% in U.S. dollar equivalent for unsecured creditors and 65%- 90% recovery on an in-kind basis depending on the denomination of the digital assets, the report added.
(Reporting by Lavanya Ahire in Bengaluru; Editing by Rashmi Aich)
