Cryptocurrency savings company Donut: Genesis's restructuring plan may achieve a debt recovery rate of over 80%

ChainCatcher message, the encrypted savings company Donut announced that it has reached a principle agreement with Genesis and DCG on the terms of a restructuring plan. This restructuring plan has a recovery rate of about 80% for DCG and Genesis's creditors, with the excess depending on the convertible preferred stock notes, the "realized liquidation price" based on DCG/Genesis assets, and considering unknown costs related to the remaining part of this bankruptcy. For members of the Save plan, this means a net recovery range of 81% - 100% for every dollar deposited, while for members of the Build plan, the net recovery range is 83% - 100%. (source link)