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Some Genesis creditors are deciding that it’s time to take the money and run — even if all they’re able to get is a fraction of what they paid into the bankrupt lender.
Earlier this week, Stephen Sokolowski, a crypto mining executive, sold his $4 million claim against Genesis for just $1 million, or $0.25 on the dollar. It was bought by a fund managed by investment bank Jefferies, according to a court filing.
Hosted on Acast. See acast.com/privacy for more information.
Some Genesis creditors are deciding that it’s time to take the money and run — even if all they’re able to get is a fraction of what they paid into the bankrupt lender.
Earlier this week, Stephen Sokolowski, a crypto mining executive, sold his $4 million claim against Genesis for just $1 million, or $0.25 on the dollar. It was bought by a fund managed by investment bank Jefferies, according to a court filing.
Hosted on Acast. See acast.com/privacy for more information.