Genius Group Receives New York Court Injunction, Suspends Funding and Coin Purchases, and Is Forced to Sell BTC Reserve

BlockBeats News, April 3rd, According to official sources, AI and Bitcoin-focused education company Genius Group announced that it has been ordered by the United States Southern District of New York Court to cease 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 currently appealing the decision. The injunction stems from a legal dispute related to Fatbrain AI (LZGI). Genius warns that if the injunction continues, it will severely threaten its normal operations.