Dragonfly Capital Managing Partner: Genesis creditors may demand DCG redeem $1.1 billion notes or lead to DCG's bankruptcy

ChainCatcher news, Messari founder Ryan Selkis tweeted that Dragonfly Capital managing partner Haseeb Qureshi stated on the Unchained show that Genesis creditors may demand DCG to redeem the $1.1 billion ten-year notes from Genesis, which would trigger a liquidity crisis for DCG, potentially leading to its bankruptcy. Therefore, the prolonged silence from Genesis creditors may indicate that they are giving DCG and Genesis time to resolve this issue. (Source link)