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Digital Currency Group Sues Genesis Over $1.1 Billion 2022 Bailout Amid Bankruptcy Dispute (UPDATED)

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Editor’s note: the story has been updated with a statement by the Digital Currency Group.

Digital Currency Group (DCG) has initiated legal action against its bankrupt subsidiary, Genesis Global Capital LLC, seeking repayment related to a $1.1 billion support package issued during the crypto market crash of 2022.

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