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According to Bloomberg, Genesis Global Capital, a crypto lending agency, sued its parent company Digital Currency Group (DCG) to recover more than $1 billion in the year before filing for bankruptcy. Move. Genesis filed a lawsuit in the Southern District Bankruptcy Court in New York on Monday, saying that insiders, including DCG, DCG founder Barry Silbert and his affiliates, transferred funds to each other during the company's insolventness. The company hopes to recognize these transfers as "preferred payments" under the bankruptcy law, so as to revoke and recover the relevant amount. These cryptocurrency payments are worth more than $582 million, while the total amount of preferred transfers exceeds $1.2 billion (current data).