Crypto lender Genesis to return $3b to customers in bankruptcy liquidation

Crypto lender Genesis to return $3b to customers in bankruptcy liquidation

FILE PHOTO: A arrives at the U.S. District Bankruptcy Court for the Southern District of New York in Manhattan, New York, U.S., January 9, 2020. REUTERS/Brendan McDermid/File Photo

Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency Group, with no recovery from the bankruptcy.