Genius Group's board of directors approves future legal proceeds distribution and Bitcoin purchase plan
2025/06/26 22:34
PANews reported on June 26 that according to GlobeNewswire , the board of directors of Genius Group (NYSE: GNS ) has approved the distribution of half of the proceeds from any future legal victory to shareholders, and the other half to purchase Bitcoin to enrich the company's Bitcoin reserves. The company is currently seeking more than $ 1 billion in compensation for two cases, including a RICO lawsuit and an upcoming lawsuit against naked short selling and false trading. The company said that if it is successfully compensated, it will be distributed according to the above plan, and all operations will comply with relevant regulatory provisions.
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
South Korean lawmakers seek to include cryptocurrencies as underlying assets in ETFs
PANews reported on June 27 that according to News1, Min Byeong-dug, a member of the ruling Democratic Party of Korea, proposed a bill to amend the Capital Markets Act, which
Share
PANews2025/06/27 10:39
Belgravia Hartford Completes $1 Million Credit Line Drawdown to Expand Its Bitcoin Reserve
PANews reported on June 27 that according to newsfilecorp, Belgravia Hartford Capital Inc., a Canadian listed company, announced that it had completed the withdrawal of the second installment of $1
Share
PANews2025/06/27 10:57
Citibank accused of ignoring suspicious transactions in $20 million crypto scam
PANews reported on June 26 that according to Cointelegraph, Michael Zidell, a victim of a cryptocurrency scam, sued Citibank in the Manhattan Federal Court, accusing the bank of ignoring suspicious
Share
PANews2025/06/26 13:52