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Genesis Slams DCG with $1B+ Lawsuit—Because Nothing Says ’Happy Anniversary’ Like a Billion-Dollar Legal Spat
Genesis Slams DCG with $1B+ Lawsuit—Because Nothing Says ’Happy Anniversary’ Like a Billion-Dollar Legal Spat
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Genesis Capital just dropped the legal equivalent of a grenade in Digital Currency Group’s lap—filing twin lawsuits accusing its own parent company of ’improper transfers’ totaling over $1 billion. Talk about family drama.
The crypto lender alleges DCG engaged in financial gymnastics to sidestep obligations, proving once again that in crypto, even the suits wear hoodies. The suits claim everything from fraudulent asset shuffling to good old-fashioned balance sheet window dressing—because when the markets tank, the lawyers feast.
Bonus jab: At least they’re keeping the lawyers’ fees in the fiat system—some traditions shouldn’t be disrupted.
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