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TechFlow news: Digital Currency Group (DCG) owes Genesis approximately $630 million in term loans, which are due in the second week of May 2023. DCG risks defaulting if it fails to repay or restructure the debt between May 9 and May 11.
Previously, Genesis's lawyer stated in court on April 30 that they hoped to hold two mediation sessions before May 8, with final terms of the deal to be disclosed after the mediation period ends.
TechFlow reports that Digital Currency Group's (DCG) approximately $630 million term loan owed to Genesis is due in the second week of May 2023. DCG risks defaulting if it fails to repay or restructure the debt between May 9 and May 11. Earlier, Genesis' lawyer stated in court on April 30 that they hope to hold two mediation sessions before May 8, with final terms of the deal to be disclosed after the mediation period concludes.
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