Bankrupt crypto lender Genesis Global Holdco and its parent company Digital Forex Neighborhood (DCG) believe petitioned the court for a mediator.

In a circulation filed on Monday, Genesis said that unique discussions with its committee of unsecured collectors believe made it clear that a mediator is serious to succeed in a resolution on the company’s unique reorganization notion.

Genesis requested that the mediation be scheduled at present, provided that its parent company DCG owes the company $630 million in definite fixed-term loans that are due within the 2d week of Could furthermore 2023.

The motive of the mediator might maybe perchance perchance perchance be a consensual resolution in field of litigation and refinancing efforts, Genesis said within the submitting.

“Better than two months in spite of all the pieces events agreed to a comprehensive settlement that was submitted by Genesis Capital to the Financial danger Court docket, a community of Genesis Capital’s collectors believe reneged and raised all-sleek calls for,” said DCG in an announcement posted to Twitter on Tuesday.

In accordance with the company, the “subset of collectors” that believe determined to hobble some distance from the prior agreement would likely lengthen the court process.

The prior agreement was finalized in February, with Genesis agreeing to wind down its mortgage book, dump assets and refinance prominent loans with a $500 million cash infusion from DCG.

Genesis owes its collectors round $2.4 billion, fixed with a tale from CoinDesk, and cited a entire of $3.4 billion in liabilities in its financial danger submitting.

The company filed for Chapter 11 financial danger in January, roughly two months after it halted withdrawals and sleek mortgage originations citing “unheard of market turmoil” that adopted FTX’s crumple.