Crypto group DCG says bankrupt unit Genesis' creditors renege on deal


Representations of cryptocurrencies are seen in this illustration August 10 2022. REUTERSDado RuvicIllustration

Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration

(Reuters) -Digital Currency Group (DCG) said on Tuesday some creditors of its bankrupt unit Genesis Capital have decided to walk away from a prior restructuring agreement for the cryptocurrency lender.

DCG, a conglomerate in the digital asset space, had been looking to sell Genesis to repay at least a part of the $3.4 billion it owes creditors.

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