Genius Group received an injunction from a New York court, suspended financing and currency purchases and was forced to sell its BTC reserves."
Internet reports that AI and bitcoin-oriented education company Genius Group announced that it has been ruled by the U.S. District Court for the Southern District of New York to prohibit financing, selling shares, and using investor funds to purchase bitcoin. Genius Group has been forced to reduce its bitcoin reserves from 440 to 430 to maintain operations and is appealing. The ban stems from a legal dispute related to Fatbrain AI (LZGI). Genius warned that if the ban continues, it will seriously threaten its normal operations.
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