Embattled Crypto Lender Genesis Files Lawsuit Against Gemini in an Effort To Recover Over $689,000,000
Beleaguered crypto lender Genesis is suing cryptocurrency exchange Gemini to recover over half a billion dollars in preferential transfers. A preferential transfer is paid off by an insolvent firm to a creditor typically within 90 days before filing for bankruptcy. If certain conditions are met, the recipient may have to return the funds so that...