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We have taken this concern to the Bankruptcy Court Docket and Gemini will depose a delegated member of the AHG this month. The December 22nd, December fifteenth, and December thirteenth updates below present additional detail and we have posted FAQs we hope you can see useful as you evaluate the Plan in addition to directions on the way to forged your Plan ballot. We encourage you to read the Disclosure Assertion and reveals fastidiously before deciding whether to vote to just accept or reject the Plan (see Genesis Solicitation Bundle beginning at p. 68).
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Lastly, Genesis additionally filed a movement with the Bankruptcy Courtroom looking for a 2nd extension of its interval of exclusivity to propose a plan of reorganization. Genesis’s motion in search of a second extension of its period of exclusivity to propose a plan of reorganization is also scheduled for listening to on September sixth (see August 4th update, below). This is a substantial step ahead in the Genesis restructuring and a major discount of FTX’s $3.7 billion declare on the Genesis estate. Two mediation periods were held on August sixteenth and 17th this week. Gemini is considering different paths to permit Earn users to immediately recover extra of the funds they are owed, including objecting to Genesis’s movement looking for a 2nd extension of its interval of exclusivity to propose a plan of reorganization (see August 4th update, below).
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