Liquidator 3AC may try to recover about $1.2 billion from Digital Currency Group, BlockFi

A confidential July 7 memo from liquidator Teneo reviewed by CoinDesk referred to more than $1 billion in “prospective claims” against DCG and its Genesis lending subsidiary, consisting of “both preferential claims and claims that arose out of issues around perfection loans. and security filing.” It also recorded more than $220 million in “preferred payments” […]