The co-founder of the failed crypto hedge fund has provided an updated on a recent creditor meeting
The group also proposed establishing an ad hoc creditors committee, to meet regularly in order to progress the funds' estate interest.Additionally, the Albright vs Luna consortium case, which was recently withdrawn by plaintiffs, was recognized by those present at the meeting as potentially having a significant bearing on future lawsuits against similar entities.
Lastly, a dispute between Genesis and other large creditors with regard to the collateral marks they claim, which could potentially be up to $500 million too high, was singled out among those issues that need resolution. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
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