Genesis releases claims ratio, the claim rate for accounts with an account amount exceeding US$10 million is between 97-110%
Golden Finance reports that so far, Genesis’ claims rate for Bitcoin or Ethereum claims exceeding US$10 million is between 97-110%, while the claim rate for claims below US$1 million is between 74-94%. The proportion of fiat or stablecoin claim transactions in Genesis accounts is 89-91% for accounts worth between $1-10 million, and 73-88% for accounts worth less than $1 million. Genesis' parent company DCG will not receive compensation in the lawsuit. Golden Finance previously reported that, according to a recent filing, Genesis recently received court approval to distribute $3 billion in cash and cryptocurrencies to its creditors, accounting for approximately 77% of the value of customer claims, but DCG will not be included in the entity list for payment .
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