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Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May

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Friday celebratory drinks are apparently on the cards for Genesis creditors as a lawyer for the firm very is confident the bankrupt crypto lender can resolve the disputes before the weekend.

A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.

The bankruptcy comes nearly two months after Genesis suspended withdrawals in November 2022 citing market turbulence caused by the bankruptcy of crypto exchange FTX.

 

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Yeah, sure, just like they resolved them the last six times they declared bankruptcy.

It would be fast if they will

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