Bankrupt crypto lender Genesis optimistic it can resolve creditor disputes
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tldr; Genesis Global Capital’s lawyer Sean O’Neal has said that the cryptocurrency lender had some confidence it could resolve its disputes with creditors this week, with a goal of emerging from Chapter 11 by late May. “Sitting here right now, I don’t think we’re going to need a mediator…I’m very much an optimist,” he added. Genesis and two lending units filed for bankruptcy protection from creditors on January 19.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I hope this would get something back to the victims of this .
lol….
Dispute: “You owe me money”
Solution: Ok. Close dispute.
Problem solved.
Even a court-ordered judgement in favor of the investors cannot force someone to payout. Anybody in here ever won a judgement? It’s a joke. In either case, I always hope for the best.