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<p>Genesis, a bankrupt crypto lender, has been granted additional time by United States Bankruptcy Judge Sean Lane to submit its payout proposal to creditors. The judge denied objections from FTX and other creditors who requested an end to settlement talks and repayment from Genesis.<a href="https://www.coingabbar.com/en/crypto-currency-news/why-metropolitan-museum-returns-donation-of-550kdollar-to-ftx" rel="noopener noreferrer nofollow"> FTX</a>, which claims that Genesis owes it $3.9 billion, was also denied participation in mediation between Genesis and its parent company, Digital Currency Group. Genesis now has until August 2, 2023, to present its recovery plan. The company suspended withdrawals in November 2022 and filed for Chapter 11 bankruptcy in January 2023.</p>

FTX Denied Participation in Genesis Mediation Talks by Judge

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