Genesis, a bankrupt crypto lender, is suing its parent company, Digital Currency Group (DCG), to recover over $3.3 billion, according to newly unsealed court documents. The lawsuit, filed in Delaware, accuses DCG of treating Genesis as a 'de facto treasury' and ignoring financial instability warnings. Genesis alleges that DCG engaged in insider loans and risky trades, and challenges certain transactions, including a June 2022 promissory note, as fraudulent. The legal action follows Genesis's financial collapse linked to the downfall of Three Arrows Capital, which led to its Chapter 11 bankruptcy filing in January 2023. The SEC has also charged Genesis and DCG with investor fraud, resulting in a $38 million fine. Genesis aims to redistribute funds to creditors through its ongoing legal efforts.