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Genesis released the claim ratio, and the claim rate for accounts with a balance of more than 10 million US dollars is between 97-110%.

Genesis released the claim ratio, and the claim rate for accounts with a balance of more than 10 million US dollars is between 97-110%.

CointimeCointime2024/05/20 08:01
By:Cointime

As of now, the claim rate of Genesis' Bitcoin or Ethereum claims exceeding $10 million is between 97-110%, while the claim rate of claims below $1 million is between 74-94%. For accounts valued between $1-10 million, the legal currency or stablecoin claim transaction ratio in Genesis accounts is 89-91%, and for claim transactions valued below $1 million, the ratio is 73-88%. DCG, Genesis' parent company, will not receive compensation in the lawsuit. As previously reported by Jinse Finance, according to a recent document, Genesis recently obtained court approval to distribute $3 billion in cash and cryptocurrency to its creditors, accounting for about 77% of the customer claim value, but DCG will not be listed as an entity to be paid.

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