3AC Liquidator May Try to Claw Back About $1.2B From Digital Currency Group, BlockFi

A confidential July 7 report from Teneo, the liquidator, that CoinDesk reviewed referred to greater than $1 billion of “prospective claims” in opposition to DCG and its Genesis lending subsidiary consisting of “both preference claims and claims which have resulted from issues around the perfection of loan and security documentation.” It additionally famous greater than $220 million of “preferential payments” to BlockFi.