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Genesis, a cryptocurrency lender, has reached an agreement with its parent company, Digital Currency Group (DCG), to settle their $620 million lawsuit. According to court documents, DCG has pledged to reimburse $324.5 million by April 2024, thus avoiding the expenses and disruptions of prolonged litigation. However, Genesis is still able to seek collection of any outstanding debt if DCG defaults on the arrangement. This settlement represents a significant milestone for Genesis in its efforts to repay creditors. Genesis is currently involved in legal disputes with its former business partner, Gemini Trust Co., and both parties are being sued by the US Securities and Exchange Commission. Additionally, the state of New York has initiated legal proceedings against Genesis, DCG, and Gemini Trust. Gemini Trust has filed a lawsuit against Genesis regarding the Grayscale Bitcoin Trust.