If the amended plan is implemented, the estimated USD equivalent recoveries for Genesis creditors could range from 70% to 90%. This agreement has been reached between Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, and the creditors of its crypto lending subsidiary, Genesis. The recovery percentages may vary depending on the denomination of the digital asset. To fulfill its existing liabilities, DCG will enter into new debt facilities and a partial repayment agreement. This includes a first-lien facility with a two-year maturity and a second-lien facility with a seven-year maturity. DCG will also make installment payments amounting to $275 million prior to the effective date of the plan. Genesis filed for bankruptcy in January 2023 due to the impact of the bear market in 2022. The company owed over $3.5 billion to its top 50 creditors.