🚨 Crypto Legal Drama: $1.1B Promissory Note Sparks Lawsuit

Digital Currency Group (DCG) is suing its subsidiaries, including Genesis, over a $1.1 billion promissory note issued during the 2022 collapse of Three Arrows Capital (3AC).

The dispute centers on repayment terms and alleged breaches of agreement. DCG claims Genesis is improperly withholding funds, while Genesis argues DCG failed to meet obligations.

This legal battle adds another layer to the ongoing fallout from 3AC's implosion, which rocked the crypto lending space. Both sides are now locked in a high-stakes courtroom showdown.

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