Mark Cuban Receives $19.9 Million in ETH as Genesis Repayment Begins

IconCryptoNewsTerminal Staff02 Aug, 2024

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Mark Cuban Receives $19.9 Million in ETH as Genesis Repayment Begins

Mark Cuban, the popular crypto-friendly Canadian billionaire entrepreneur, has recently received $19.9 million worth of ETH from Genesis. This transfer marks the commencement of the repayment process to creditors as part of Genesis' bankruptcy proceedings. Genesis Trading intends to reimburse 77% of customer assets, amounting to $3 billion, under its bankruptcy plan.