Insiders: The total debt disclosed by Genesis has reached $1.8 billion and may continue to grow

ChainCatcher news, according to sources cited by CoinDesk, in addition to the previously reported $900 million debt to Gemini, the cryptocurrency brokerage firm Genesis also has another group of creditors represented by the law firm Proskauer Rose, with a total debt amounting to $900 million. This brings the total disclosed debt to $1.8 billion, and this figure may continue to grow.

According to ChainCatcher previous report, Genesis and its parent company Digital Currency Group (DCG) owe Gemini $900 million. Gemini has established a creditors' committee to recover funds from Genesis and its parent company DCG. (source link)