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Market
Operational status of Genesis post-distribution by mid-2025
5
Resolution / Starting Odds
Continues operation • 33%
Merges with another entity • 33%
Ceases operations • 34%
Public statements or regulatory filings from Genesis
Story
Genesis Wins Court Approval to Distribute $3 Billion to Creditors, Up to 77% Recovery
May 18, 2024, 12:30 AM
Bankrupt crypto lender Genesis has won court approval to distribute billions of dollars in digital assets and cash to creditors, defeating a legal challenge brought by its corporate parent Digital Currency Group (DCG). The approved plan allows Genesis to return $3 billion to customers in a bankruptcy wind-down, with creditors potentially recovering up to 77% of their funds. The decision was made by Judge Lane from the Southern District of New York court, who rejected objections from DCG's CEO, Barry Silbert.
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Expands operations • 25%
Reduces operations • 25%
Maintains current level • 25%
Ceases operations • 25%
Fully operational • 33%
Operational with limitations • 33%
Fails to resume operations • 34%
70-79% • 25%
80-89% • 25%
90-99% • 25%
100% • 25%
Approval • 30%
Investigation • 35%
No Action • 35%
Positive impact, market stabilizes • 25%
Neutral impact, no significant change • 25%
Negative impact, increased volatility • 25%
Negative impact, further declines in trust and investment • 25%
Substantial negative impact • 25%
Minor negative impact • 25%
No significant impact • 25%
Positive impact • 25%
Operations resume • 25%
Operations permanently shut down • 25%
Acquired by another company • 25%
Continues operation with restrictions • 25%
Most creditors recover >80% • 25%
50-80% recovery for most creditors • 25%
30-50% recovery for most creditors • 25%
<30% recovery for most creditors • 25%
Operational • 25%
Permanently Shut Down • 25%
Operational with Restrictions • 25%
Sold to Another Company • 25%
Operating Under New Management • 25%
Merged with another company • 25%