Digital Currency Group (DCG) has reportedly reached a preliminary agreement with Genesis creditors to settle the claims made in Genesis' bankruptcy case. The agreement could result in unsecured creditors recovering 70%-90% in USD equivalent, and 65%-90% recovery on an in-kind basis, depending on the denomination of the digital asset. The recoveries are subject to market pricing and definitive documentation. DCG, the parent company of CoinDesk, has also agreed to a new partial repayment plan to satisfy its existing liabilities.
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