{"id":"tp-11832","type":"article-newspaper","title":"Crypto Lender Genesis to Return $3 Billion in Bankruptcy Wind-Down Amid Rising Creditor Haircuts","author":"Sheena Jordan","publisher":"TOKENPOST Inc.","url":"https://www.tokenpost.com/news/business/11832","datePublished":"2024-05-20T02:04:34.000Z","dateModified":"2024-05-20T02:04:34.000Z","language":"en","abstract":"Crypto lender Genesis Global received court approval to return nearly $3 billion to customers, while a report highlights a significant increase in creditor haircuts in bankruptcy cases to 73% in FY24. Judge Approves G…","section":"Business","references":[{"title":"The Economic Times","url":"https://economictimes.indiatimes.com/tech/technology/crypto-lender-genesis-to-return-3-billion-to-customers-in-bankruptcy-wind-down/articleshow/110222803.cms"},{"title":"customer claims","url":"https://economictimes.indiatimes.com/topic/customer-claims"},{"title":"report","url":"https://economictimes.indiatimes.com/industry/banking/finance/creditors-haircuts-in-bankruptcy-cases-jump-to-73-pc-in-fy24-resolutions-taking-longer-report/articleshow/110210505.cms"},{"title":"insolvency resolutions","url":"https://economictimes.indiatimes.com/topic/insolvency-resolutions"},{"title":"Microsoft Bing","url":"https://www.bing.com/images/create/crypto-lender-genesis-to-return-243-billion-in-bank/1-6648b959f6c7494cac82271b4dfa3458?id=2rFR0X0vLLy0tnqVn6aowQ%3d%3d&view=detailv2&idpp=genimg&thId=OIG4.DNtaRFYRhkuBgt0fuVNE&FORM=GCRIDP&mode=overlay"},{"title":"TokenPost","url":"https://www.tokenpost.com"}]}