JAKARTA - The Digital Currency Group (DCG) announced on Tuesday April 25 that several creditors from the bankrupt Genesis Capital unit had decided to leave the previous restructuring agreement for the cryptocurrency lender.
DCG, a conglomerate in the digital asset space, has been looking for ways to sell Genesis to pay at least a portion of the US$3.4 billion (Rp46 trillion) they owe creditors.
In February, DCG reached an agreement that could end in Genesis sales or hand over its equity to creditors.
Since then, some creditors have been demanding new charges, DCG said, which also owns crypto news site CoinDesk and digital asset manager Grayscale.
"We will consider every new demand for the concessions we have made before," the company said.
Crypto companies, which have come under pressure following the failures of FTX and Silvergate, are now struggling to find banking partners after the collapse of three crypto-friendly lenders in the US last month.
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