Financially troubled Genesis has successfully completed its restructuring process and has now begun paying its creditors about $4 billion in crypto assets and fiat. The average return for customers will be approximately 64% of their invested funds, with the exact amount of compensation depending on the type of coin.
Bitcoin holders will receive a payout of 51.28%, while Ethereum holders will receive 65.87%. Altcoin holders (excluding Solana) can expect a return of 87.65%, while Stablecoin and USD holders will receive the full 100%. In turn, Solana users will only be able to get back 29.58% of their assets.
The company's press release specifies that compensation will not be limited to the value of assets at the time of the bankruptcy filing. Genesis has already sent its customers instructions on the asset allocation process, which will make it easier to receive funds.
In addition, the company has established a $70 million fund to finance third-party litigation. The fund includes $26 million in bitcoin, $13 million in Ethereum and $31 million in fiat funds. 

In the near future, an advisor to the Litigation Oversight Committee will be selected to coordinate further actions.
It is worth noting that Genesis filed for bankruptcy after the collapse of the FTX exchange, which had a negative impact on the company's financial condition and made it difficult to fulfill its obligations to one of its largest creditors - the Gemini platform. As part of its actions, the company had previously acquired 32,041 BTC after selling shares of Grayscale Bitcoin Trust (GBTC), which also affected its financial results.
Thus, Genesis is taking steps to restore its financial stability and fulfill its obligations to creditors, which could be an important step in its future activities in the cryptocurrency market.