A New York court's ruling is pressuring Singapore’s Genius Group to sell its Bitcoin holdings due to a legal scuffle.
In a bizarre twist, the company's attempt to scale up its Bitcoin reserves is halted, due to unresolved conflict with Fatbrain AI. The US ruling forced a sale of 10 Bitcoin to keep operations afloat, yet they've some reluctance in trimming their sizable treasury.
It's like watching a Wall Street thriller mixed with crypto-anxiety as they juggle between US court orders and Singaporean law.
CEO Roger James Hamilton is mildly astonished by this legal conundrum. Will the courts be sensible, or will this become a cautionary Bitcoin tale?