According to Genesis’ lawyer, Sean O’Neal, Genesis will engage in a 30-day mediation process with its committee of unsecured creditors.

The process will involve two main mediation sessions prior to May 8, and the terms of the resulting agreement will be publicly disclosed after mediation concludes. Genesis and its creditors must also agree on a mediator together.

Reports from April 25 indicate that multiple Genesis creditors walked away from an earlier agreement. Certain creditors are opposed to details of how Genesis’ parent company, Digital Currency Group (DCG), will contribute to the restructuring plan.