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Cumberland and Mirana Ventures Criticize ‘Sloppy’ Genesis Bankruptcy Filing

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Crypto trading firm Cumberland and investment firm Mirana Ventures complained of inaccuracies in Genesis Global's bankruptcy filing, describing it as "misleading and incorrect" and "sloppy."

The lending arm of trading firm Genesis filed for Chapter 11 bankruptcy protection late Thursday. The filing included a list of its top 50 unsecured claims, totaling more than $3.6 billion. The claims feature several high-profile crypto firms, including $30 million owed to Plutus Lending, a division of the crypto platform Abra, and a $53 million to VanEck's New Finance Income Fund.

The creditor contact for the fifth largest claim, Jonathan Allen, however, called the filing "sloppy" and full of inaccurate information. Allen, who is a managing partner for Mirana Ventures, is listed as the contact for the Mirana Corporation's $151 million claim.

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