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Digital Currency Group (DCG) has filed a lawsuit against its bankrupt subsidiary Genesis, claiming its $1.1 billion loan was more than enough to cover losses. The legal battle escalates as Genesis previously sued DCG for $3.1 billion in alleged fraudulent transfers.
- DCG claims Genesis profited from the 2022 loan due to Bitcoin's price recovery, reducing its obligations to zero.
- Genesis previously sued DCG for $3.1 billion, alleging fraudulent transfers during its collapse.
- The dispute stems from Genesis' exposure to bankrupt firms like Three Arrows Capital and Alameda Research.
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