DCG's $630 million loan to Genesis is due next week, which may face the risk of default

ChainCatcher news, Digital Currency Group (DCG) owes approximately $630 million in term loans to Genesis, which will mature in the second week of May 2023. If DCG fails to pay or restructure its debts between May 9 and May 11, it may default.

Previous news, Genesis lawyers 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)