According to Bijie.com, on April 3, according to official news, AI and Bitcoin-oriented education company Genius Group announced that it was ruled by the US District Court for the Southern District of New York to ban 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 appealing. The ban stems from legal disputes related to Fatbrain AI (LZGI). Genius warned that if the ban continues, it will seriously threaten its normal operations. (Source: BlockBeats)