⚡️🇸🇬🇺🇸 NEW - Singaporean AI firm Genius Group has been temporarily prevented from expanding its Bitcoin treasury by a US court order.

The NY District court issued a preliminary injunction, restricting the company from selling shares, raising funds, or purchasing additional Bitcoin.

This stems from a dispute over the company's merger with Fatbrain AI, which Genius initiated arbitration to terminate in October, alleging executive fraud.