3AC Liquidator May Try to Claw Back About $1.2B From Digital Currency Group, BlockFi
July 9, 2023

3AC Liquidator May Try to Claw Back About $1.2B From Digital Currency Group, BlockFi

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A confidential July 7 report from Teneo, the liquidator, that CoinDesk reviewed referred to more than $1 billion of “prospective claims” against DCG and its Genesis lending subsidiary consisting of “both preference claims and claims which have resulted from issues around the perfection of loan and security documentation.” It also noted more than $220 million of “preferential payments” to BlockFi.

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