"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as Judge James Mellor released his written judgment on the Craig Wright case, stating that the Australian has lied "extensively and repeatedly" in his evidence.A judge wrote that Craig Wright lied to the UK court and Genesis is set to return $3 billion of customer assets.
According to a recent filing, this means that the bankrupt lender will return approximately 77% of customer assets in its latest liquidation plan. However, DC G, the parent company of Genesis will not be paid out in the proceedings. Judge Sean Lane wrote in the filing that the record here clearly establishes that there is not sufficient value in the debtors estates to provide DC G A recovery as equity holder after unsecured creditors are paid.
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