According to a filing on Sunday, the defunct crypto hedge funds Three Arrows Capital (3AC), has requested to be included in bankruptcy mediation of crypto lender Genesis Global.

Randall J. Newsome was appointed by Judge Sean Lane on May 1 to mediate discussions regarding the contribution Genesis’ owner Digital Currency Group should make to any restructuring plans. DCG is CoinDesk’s parent company.

Genesis then sought to extend Newsome’s assignment by two more weeks 30 days after the initial request. 3AC, whose collapse in 2022 ushered in the current crypto-winter, has responded belatedly. It has claimed over $1 billion from transfers made to Genesis before bankruptcy.

According to the filing by Russell Crumpler, Christopher Farmer and the 3AC Joint Liquidators appointed to represent 3AC in the British Virgin Islands, “[Genesis] mediation and plan negotiations will not be able to address the claims of all stakeholder and maximize the value for the Debtors estates without their participation.”

3AC and Genesis reached an interim agreement in March to limit Genesis’ transfer of stocks and cryptocurrency until claims are settled. But Crumpler & Farmer say that they were not sufficiently involved with Genesis discussions despite being the largest creditors.

On Monday, the Southern District in New York will hold an hearing to discuss the proposal to extend mediation. A number of users of the Gemini earn program have also objected, wishing to expedite the return of funds.

The three affiliated companies Genesis Global Holdco LLC (formerly Genesis Asia Pacific Pte. Ltd. and Genesis Global Capital LLC. filed for bankruptcy on Jan. 20. DCG stated at the time that it owed Genesis Capital $526 millions, due in May 20,23, and $1.1 billion on a promissory notes due in June 2032.

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Parikshit Miishra is the editor.