Digital Currency Group Sues Its Subsidiary Genesis Over $1.1 Billion in Receivables
According to a report by Jinse Finance, Digital Currency Group has filed a lawsuit against its subsidiary Genesis for $1.1 billion in accounts receivable in the aftermath of the cryptocurrency market crash. In the complaint, Digital Currency Group stated that after the collapse of the crypto hedge fund Three Arrows Capital in 2022, the group attempted to fill a potential "gap." Digital Currency Group is now requesting the court to order Genesis Global Capital to pay it more than $105 million plus interest.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jensen Huang: We will stop supplying chips to customers developing unsafe AI software; AI infrastructure shortage will persist for several years
Nvidia CEO Jensen Huang stated that if a customer develops unsafe AI software, Nvidia will stop supplying chips to that client. However, there are limits to how the company judges how others use Nvidia’s technology, and communication would take place before any supply is cut off. Huang also remarked that concerns about AI security risks in the market are greater than the actual situation. Regarding AI infrastructure demand, he noted that the supply-demand imbalance will persist for several years, saying, “It will eventually reach a balance, but that isn’t the case today.”
South Korean Won: BoK welcomes stronger Won – Commerzbank
Crypto prices
More
