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Digital Currency Group (DCG) has filed a legal complaint against its subsidiaries, Genesis Global Capital and Genesis Asia Pacific, over a $1.1 billion promissory note tied to the collapse of Three Arrows Capital (3AC). The dispute centers on alleged overpayments and profits made by Genesis entities without suffering losses from 3AC’s default.
- DCG claims Genesis entities profited from 3AC's collapse without suffering losses.
- The dispute involves a $1.1 billion promissory note issued in 2022.
- Legal action was filed in the US Bankruptcy Court for the Southern District of New York.
📎 Related coverage from: cointelegraph.com
Other Tags: DCG, Digital Currency Group, Genesis, Genesis Global Capital, Three Arrows Capital