Genius Group says it's been banned from buying more Bitcoin

Singapore-based artificial intelligence firm Genius Group says it's temporarily barred from expanding its Bitcoin treasury after a US court order has banned it from selling shares, raising funds and using investor funds to buy more Bitcoin.A New York District court issued the preliminary injunction PI - $0.767257266592587 and temporary restraining order (TRO) on March 13 in connection with a broader dispute surrounding its merger with Fatbrain AI, the Genius Group said in an April 3 statement. Fatbrain AI and Genius Group completed a merger and purchase agreement in March 2024, but by Oct. 30, Genius initiated arbitration procedures to terminate, alleging fraud by Fatbrain AI executives connected to the deal.

Source: cointelegraph.com

Related symbols: GENIUSD

2025-04-04 03:27:01 GMT.

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Description

Pi (PI) is a cryptocurrency launched in 2018. Pi has a current supply of 68,000,000 with 0 in circulation. The last known price of Pi is 42.41101879 USD and is up 0.28 over the last 24 hours. It is currently trading on 11 active market(s) with $387,982.47 traded over the last 24 hours. More information can be found at https://minepi.com/.