Crypto savings company Donut: DCG and Genesis' recovery rate of debt is around 80% or higher
The cryptocurrency savings company Donut announced that the recovery rate for DCG/Genesis debt is approximately 80%, with the excess depending on convertible preferred stock warrants, the "realized liquidation price" based on DCG/Genesis assets, and considering unknown costs related to the remaining portion of the bankruptcy.
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The cryptocurrency savings company Donut announced that the recovery rate for DCG/Genesis creditors is approximately 80%, with the remainder depending on convertible preferred stock warrants, the "realized liquidation prices" based on DCG/Genesis assets, and considering unknown costs associated with the remaining portion of the bankruptcy.
For members of the Save plan, this means a net recovery range of 81% - 100% for every dollar saved, while for members of the Build plan, the net recovery range is 83% - 100%.
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