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Fortune
Fortune
Ben Weiss

Crypto lending arm of Genesis and parent company DCG seek mediator after creditors allegedly challenge restructuring plan

Barry Silbert on the stage. (Credit: Joe Buglewicz—Bloomberg/Getty Images)

The lending arm of crypto institutional brokerage Genesis and its associated debtors petitioned the court for a mediator on Monday, complicating a bankruptcy case that seemed to be well on its way to resolution two months earlier.

In the motion, lawyers for Genesis said that a mediator was needed to resolve "one of the most important issues in these Chapter 11 proceedings: the amount, form, timing and other terms and conditions of DCG’s contribution to the Debtors’ reorganization plan."

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