Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
Genesis, a prominent U.S.-based digital currency trading firm, has revealed that it has reached an in-principle agreement with Digital Currency Group (DCG) to settle creditors’ claims. The move comes after the collapse of one of Genesis’ counterparties, B2C2, which led to a series of legal disputes. As part of the settlement, DCG will accept B2C2’s assets, ensuring that B2C2’s clients continue to have access to the firm’s liquidity. The agreement is still subject to various clearances, but Genesis said it expects the deal to be completed in the coming weeks.
