Genesis released the claim ratio, with the claim ratio for accounts exceeding 10 million dollars ranging from 97% to 110%

ChainCatcher news, as of now, the claim rate for Genesis's Bitcoin or Ethereum claims exceeding 10 million dollars is between 97-110%, while the claim rate for claims under 1 million dollars is between 74-94%. For accounts valued between 1-10 million dollars, the proportion of fiat or stablecoin claim transactions in Genesis accounts is 89-91%, while for claims under 1 million dollars, the proportion is 73-88%. Genesis's parent company DCG will not receive compensation in the lawsuit.

Previous news, the bankrupt cryptocurrency lending institution Genesis Global has received court approval to return approximately 3 billion dollars in cash and cryptocurrency to creditors. Judge Sean Lane approved Genesis's Chapter 11 repayment plan on Friday, May 17.