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Earlier this year in January 2023, Genesis filed for Chapter 11 bankruptcy after facing a major liquidity crisis following the collapse of crypto exchange FTX. The recent filing from Genesis parent DCG notes that the bankrupt crypto lender holds liabilities of $630 million in unsecured loans due in May 2023. Additionally, it also has a $1.1 billion unsecured promissory note due in 2032. advertisement As per the in-principle deal, the Digital Currency Group ( DCG ) is looking to undertake new debt facilities along with a repayment agreement. This will include a $328.8 million first-lien facility along with 2-year maturity. Additionally, it will also include a $830 million second-lien facility with a 7-year maturity. The filing notes that DCG is planning to pay a total of $275 million to its creditors in four installment payments. If executed, the proposed plan could lead to anticipated returns of approximately 70% to 90% for unsecured creditors in terms of U.S. ...

Investors are waking up to see Pepe Coin hitting new all-time highs every morning since its launch in mid-April. Pepe hit another ATH on Friday touching $0.00000230 three hours ago. The skyrocketing price is attracting new investors into its fold who believe it could generate tons of profits. Speculations are rife that top-tier cryptocurrency exchange Gemini could announce a Pepe Coin listing soon. Also Read: Shiba Inu: You Can Now Become a SHIB Billionaire With Only $10,000 — Tyler Winklevoss (@tyler) May 4, 2023 The listing speculations came to life after Gemini co-founder Tyler Winklevoss sent out mysterious tweets of Frog emojis. The co-founder sent not one, but two tweets of frog emojis calling it “Sounds rare”. The Pepe community connected the dots suggesting that the Gemini exchange could be on the verge of listing the meme currency. sounds rare — Cameron Winklevoss (@cameron) May 4, 2023 Also Read: Shiba Inu: This Development Holds the Key for SHIB To Reach $...