Tokens.com Corp (TSE:XBOT) has released an update.
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Tokens.com Corp announced that it has started receiving portions of its digital assets previously held by Genesis Global Capital, which is restructuring after a bankruptcy filed in January 2023. The company received 189 Ethereum, about 55% of its holdings at Genesis, and expects further distributions including 30% of its Solana tokens. This positive progress in Genesis’ restructuring could mean more favorable recoveries for creditors, including Tokens.com.
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