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<ul class="news-points"> 
 <li><strong>According to Sean O’Neal, a lawyer for bankrupt crypto lender Genesis, mediation has been postponed one final time.</strong></li> 
 <li><strong>If the parties to the mediation cannot agree by August 16, Genesis will proceed with its current bankruptcy plan.</strong></li> 
 <li><strong>The prolonged mediation is preventing Genesis from ending its time in bankruptcy, said O’Neal.</strong></li> 
</ul> 
<p>Bankrupt crypto lender Genesis has extended its mediations with creditors for the last time, a company lawyer said during a hearing on Wednesday. The crypto lender will move forward with its existing bankruptcy plan if the parties don’t come to a deal by August 16, according to Bloomberg.</p> 
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   <p lang="en" dir="ltr">Bankrupt crypto lender Genesis has extended its mediation with creditors for the last time, a company lawyer said during a hearing Wednesday <a href="https://t.co/J0KW2vJoCO" target="_blank" rel="noopener noreferrer nofollow">https://t.co/J0KW2vJoCO</a></p>— Bloomberg Crypto (@crypto) <a href="https://twitter.com/crypto/status/1686889687007248384?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 3, 2023</a> 
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<p>Sean O’Neal, Genesis’ lawyer, told US Bankruptcy Judge Sean Lane that if there isn’t any substantial progress concerning a deal in principle in the next two weeks, they won’t be seeking to extend the mediation further. The mediation is one of the obstacles preventing Genesis from wrapping up its time in bankruptcy, according to O’Nea…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/genesis-extends-mediation-for-the-last-time-says-its-lawyer/">Genesis Extends Mediation for the Last Time, Says Its Lawyer</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Genesis Extends Mediation for the Last Time, Says Its Lawyer

Coin Edition

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