The Genesis bankruptcy case will undergo a 30-day mediation to reach a final resolution as soon as possible

ChainCatcher news, Gemini announced that the cryptocurrency lending institution Genesis, its parent company Digital Currency Group (DCG), the Unsecured Creditors Committee (UCC), the Creditors Committee, and Gemini have agreed to a 30-day mediation process in court starting on April 28.

Gemini stated that its goal is to "reach a final resolution as soon as possible" and "support" the mediation. It is reported that Genesis plans to appear in bankruptcy court on May 4. Genesis' lawyer stated in court on April 30 that they hope to hold two mediation meetings before May 8, with the final terms of the transaction to be announced after the mediation period ends. (source link)