<ul><li>A legal battle forces Singapore-based AI firm, Genius Group, to halt bitcoin purchases.</li><li>The New York District Court issued a preliminary injunction and temporary restraining order against Genius Group, prohibiting the firm from selling shares, raising funds, or using existing investor funds to purchase more bitcoin.</li><li>The legal action resulted from a contentious merger between Genius Group and Fatbrain AI, with Genius Group accusing Fatbrain AI executives of fraud.</li><li>To maintain operational liquidity, Genius Group has sold 10 bitcoin from its holdings of 440 BTC, and may need to further reduce its bitcoin holdings if the injunction remains.</li></ul>

Legal Battle Forces Singapore-based AI firm to Halt Bitcoin Purchases—What Happened?

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