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News Explorer — 3AC Requests Inclusion in Genesis Global Bankruptcy Mediation, Asserting $1B in Claims

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Jun 5, 8:34 am
Coindesk

3AC Requests Inclusion in Genesis Global Bankruptcy Mediation, Asserting $1B in Claims

3AC, a defunct crypto hedge fund, has requested to be included in the bankruptcy mediation process for crypto lender Genesis Global. 3AC has asserted claims of over $1 billion for transfers made to Genesis prior to bankruptcy. 3AC's Joint Liquidators have stated that the mediation and plan negotiation efforts will be unable to address all stakeholders without their participation.

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