From Investing.com:

Cryptocurrency exchange Gemini Trust Co revealed that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court seeking to sell trust assets and monetize its interests in two Grayscale trusts. This includes initial collateral of 30,905,782 shares of Grayscale Trust. Genesis has also requested an expedited hearing on the motion. The move comes after Genesis settled an SEC lawsuit over its defunct Gemini Earn lending program. The company aims to repay customers in cash or cryptocurrency based on the types of currency they had deposited in the Earn program, which was halted during a crypto market crash in November 2023.



Read more: Crypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets By Reuters