DCG Calls Out Genesis' Settlement With New York as 'Subversive'
Summary
Digital Currency Group (DCG) opposes the settlement between New York attorney general and Genesis, claiming it violates bankruptcy law. DCG argues that the deal unfairly redistributes value and is a subversive arrangement. A former senior federal attorney supports DCG's objection, questioning the proper arrival at the settlement details. Genesis settled with the state's Department of Financial Services last month and faces an expanded fraud case from the DFS.
