DCG Seeks $105M Repayment from Genesis Amid Lawsuit

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 16 2025

DCG vs. Genesis Legal Battle: Digital Currency Group (DCG) has filed a lawsuit against its subsidiary Genesis Global Capital for over $105 million related to a promissory note, while Genesis countersued claiming $3.1 billion in fraud and mismanagement, highlighting tensions in the crypto sector regarding creditor prioritization.
Market Impact and Bitcoin Stability: Despite the ongoing legal proceedings, the cryptocurrency market has shown muted reactions, with Bitcoin maintaining stability at around $117,420.28, reflecting cautious trading amid concerns over insolvency and creditor settlements in the industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

DCG Seeks $105M Repayment from Genesis Amid Lawsuit

About the author

Top News

Ford Announces $19.5B EV Restructuring Charges

Fed Cuts Interest Rates Amid Economic Concerns

SpaceX Targets $800 Billion Valuation in Secondary Sale

U.S. Consumer Sentiment Slightly Improves in December

Related Articles

36Kr Successfully Hosts WISE 2025 Conference, Attracting Over 500 Million Views

OptimizeRx Expands POC Network with Four New Partner Agreements, Increasing NPI Reach by 37%

People Also Watch