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The Daily Hodl 2023-11-24 19:45:06

Embattled Crypto Lender Genesis Files Lawsuit Against Gemini in an Effort To Recover Over $689,000,000

Beleaguered crypto lender Genesis is suing cryptocurrency exchange Gemini to recover over half a billion dollars in preferential transfers. A preferential transfer is paid off by an insolvent firm to a creditor typically within 90 days before filing for bankruptcy. If certain conditions are met, the recipient may have to return the funds so that The post Embattled Crypto Lender Genesis Files Lawsuit Against Gemini in an Effort To Recover Over $689,000,000 appeared first on The Daily Hodl .

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