Genesis, the bankrupt crypto lender that collapsed in the wake of the failure of the Terra/luna ecosystem and Three Arrows Capital, won approval for its bankruptcy plan in U.S. court yesterday, with a judge overruling Genesis owner Digital Currency Group's (DCG) objection. 

U.S. bankruptcy judge Sean Lane brushed aside complaints by DCG, the Genesis Crypto Creditors Ad Hoc Group, and the Office of the United States Trustee before ruling in favor of the plan, which will return about $3 billion in cash and assets to creditors. 

DCG had argued that claims should be valued in U.S. dollars at the time of the company's bankruptcy filing in January 2023, bypassing nearly a year and a half of gains across the crypto sector. 

In his ruling, Judge Lane rebuked the complaint, …