Deep Tide TechFlow News, on August 15, according to The Block, Digital Currency Group (DCG) has filed a lawsuit against its subsidiary Genesis Global Capital in the Bankruptcy Court for the Southern District of New York, demanding that Genesis pay over $105 million plus interest.

The lawsuit states that DCG provided Genesis with a $1.1 billion promissory note to address the asset shortfall of Genesis caused by the default of Three Arrows Capital (3AC) in 2022. Subsequently, Genesis obtained substantial profits through TAC Collateral, exceeding the initial amount of the promissory note.