Genesis Global and affiliates have reached a deal in principle on a bankruptcy reorganization plan supported by creditors, according to a court filing Tuesday.

The cryptocurrency lender aims to emerge from Chapter 11 protection after entering mediation in May to resolve disputes over a reorganization plan. Genesis announced in the court filing that mediation ended after reaching an agreement with the Official Committee of Unsecured Creditors and its parent, Digital Currency Group (DCG).

Under the deal, DCG will provide around $1.4 billion in new financing to pay Genesis creditors. This includes a $328.8 million loan, a $830 million second-lien loan, and $275 million in installment payments. The new loans would replace existing unsecured DCG debt.

In return, DCG would receive releases from liability. The creditors’ committee agreed not to pursue potential claims against the parent company related to Genesis’ losses from failed crypto hedge fund Three Arrows Capital.

The tentative agreement aims to provide estimated recoveries of 70% to 90% on the dollar for unsecured creditors. The parties are still working on final terms and definitive documentation for an amended Chapter 11 plan incorporating the settlement.

Genesis filed for bankruptcy in January amid a liquidity crunch and broader meltdown in crypto markets last year. The company halted customer redemptions as its crypto hedge fund loans soured.

Under the reorganization plan outlined Tuesday, creditors would get an early payment option for part of their claims in cash. Other distributions would be made over time as assets are monetized.

The tentative deal does not yet have support from the Ad Hoc Group of Genesis Lenders and crypto exchange Gemini, creditors involved in the mediation. Genesis said it is committed to continuing talks with holdouts and seeking a fully consensual plan.