Aug 29 (Reuters) – Digital Currency Group has reached an in-principle deal with Genesis creditors to resolve the claims brought up in Genesis’ bankruptcy, Coindesk reported on Tuesday, citing a court filing.

The plan could result in the recoveries of 70%- 90% in U.S. dollar equivalent for unsecured creditors and 65%- 90% recovery on an in-kind basis depending on the denomination of the digital assets, the report added.

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