2023-1-21 20:05 |
Digital Currency Group subsidiary Genesis Global Capital has filed for bankruptcy protection. It owes over $3.5 billion to its top 50 creditors $3.5 Billion in Liabilities After months of uncertainty,... origin »
|
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing.
2023-2-9 00:40 | |
|
|
Genesis lawyer expects lender to exit bankruptcy in May 2023.
The post Genesis Confident It Can Exit Bankruptcy as BlockFi Offloads Loans appeared first on BeInCrypto.
2023-1-25 21:00 | |
|
|
The biggest news in the cryptoverse for January 20 saw Genesis Global Capital file for bankruptcy. The post CryptoSlate Wrapped Daily: Genesis files for bankruptcy; Cardano creator wants CoinDesk appeared first on CryptoSlate.
2023-1-21 01:46 | |
|
|
Genesis Global has now filed for Chapter 11 bankruptcy protection after a series of tumultuous events have caused severe liquidity issues for the troubled crypto brokerage
2023-1-20 08:04 | |
|
|
Genesis is reportedly laying the groundwork for a bankruptcy filing this week after failed creditor negotiations. The post New Report Reveals Genesis Could File For Bankruptcy This Week appeared first on BeInCrypto.
2023-1-19 23:47 | |
|
|
Genesis Global Capital, a crypto lending platform owned by Digital Currency Group (DCG), is said to be considering filing for bankruptcy. According to a Bloomberg report, Genesis is likely to file for bankruptcy this week.
2023-1-19 23:31 | |
|
|
Genesis Global Capital is navigating a precarious financial situation, with bankruptcy looming as the likely outcome if it does not secure the liquidity necessary to stay afloat
2023-1-19 23:02 | |
|
|
Genesis has reportedly started to prepare for a bankruptcy filing, which could be done by the end of this week The crypto lender owes creditors over $3 billion Troubled crypto lending platfoThe post Breaking: Genesis is reportedly planning to file for bankruptcy soon appeared first on AMBCrypto.
2023-1-19 21:55 | |
|
|
Cameron accused Silbert of misrepresenting statements to Gemini on how the company was capitalized DCG’s responsibility for Genesis restructuring and bankruptcy based on non-callable $1.
2023-1-11 08:43 | |
|
|
A lot of ups and downs going on in the crypto industry have pushed some, if not most, companies to the edge of insolvency. Following its request for emergency bailout funding, popular crypto lender Genesis has slashed its staff members and is now considering a chapter 11 bankruptcy filing. This is not the first time […]
2023-1-6 12:15 | |
|
|
The DCG and Genesis debacle continue to wax strong and Grayscale Bitcoin Trust has taken some of the heat from this. The majority of the concerns have been raised around the ability of Digital Currency Group to be able to repay its debt to Genesis, which owes creditors a significant amount of money. Now, co-founder […]
2023-1-4 20:00 | |
|
|
The new Chelsea FC CEO Todd Boehly will acquire $350 million if the crypto lender Genesis declares bankruptcy. Digital Currency Group will be liable for such an outstanding loan. DCG tries to raise funds to support Genesis Digital Currency Group…
2022-12-22 22:09 | |
|
|
Crypto lending platform Genesis, along with popular crypto market maker Wintermute and others, will form the FTX creditors committee. Genesis and other FTX victims form the bankruptcy committee A court filing released today showed that the Justice Department had added…
2022-12-16 02:26 | |
|
|
Genesis, a US-based crypto lending platform, informed its customers that withdrawals might be halted for weeks while it develops a plan to avoid potential bankruptcy.
2022-12-8 12:34 | |
|
|
Genesis is in talks with creditors and potential investors, Bloomberg News reports.
2022-11-30 06:31 | |
|
|
Genesis is in talks with creditors and potential investors, Bloomberg News reports.
2022-11-30 06:31 | |
|
|
It is understood Moelis & Company has been brought on to help the troubled lending firm explore all possible options.
2022-11-23 06:19 | |
|
|
Genesis has hired global investment bank - Moelis & Company to explore all possible options including bankruptcy DCG's CEO Barry Silbert revealed that the parent company owes Genesis $575 mThe post Genesis onboards financial advisors as it explores 'all possible options' appeared first on AMBCrypto.
2022-11-23 00:30 | |
|
|
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
2022-11-23 23:03 | |
|
|
Crypto brokerage Genesis failed to raise funds and is potentially facing bankruptcy without additional funding, Bloomberg reported November 21. The post Genesis fails to raise funds as FTX contagion weighs on DCG-owned company appeared first on CryptoSlate.
2022-11-22 02:13 | |
|
|
The troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.
2022-11-22 01:08 | |
|
|
If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
2022-11-22 19:30 | |
|
|
Crypto lender Genesis sought out an emergency loan of $1 billion from investors in the wake of FTX’s collapse and ensuing bankruptcy but never got the funds it requested, The Wall Street Journal reported November 17.
2022-11-18 23:49 | |
|
|
The biggest news in the cryptoverse for November 16 includes Gemini halting withdrawals on its Earn program, Coinbase saying it has zero exposure to Genesis Trading, and Messari estimating that FTX investors may get back up to 50% of their funds after bankruptcy process.
2022-11-17 01:15 | |
|
|
This week marks the 10th anniversary of the events that triggered the 2008 financial crisis, which was reflected indirectly in the Genesis block of Bitcoin.
2018-9-12 23:15 | |
|
|
The largest recipient of the Genesis Trading bankruptcy proceedings has recently been involved in a significant Ethereum sell-off. According to data provided by Arkham Intelligence, the creditor has sold 12,100 Ethereum (ETH) worth $31.43 million, within just three days. This…
Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their restructuring process. According to an Aug. 2 statement, crypto lender Genesis Global started repayments to over 100,000 creditors after declaring bankruptcy in…
Genesis Trading has moved billions of dollars in recent days, potentially to manage creditor repayments as part of its financial restructuring efforts. The crypto lender, which is navigating bankruptcy, has reportedly transferred substantial amounts of Bitcoin (BTC) and Ethereum (ETH)…
A wallet linked to crypto lender Genesis has transferred 12,600 Bitcoin (BTC) worth approximately $760 million to crypto exchange Coinbase. On-chain data tracked by Arkham shows the addressed labeled “Genesis Trading” moved the funds to the exchange amid the broader…
Crypto exchange Gemini said users of its now-defunct Earn product received $2. 18 billion of their digital assets, according to a May 29 statement. These distributions amount to 97% of the total digital assets owed to Earn users, marking a significant recovery since the collapse of crypto lender Genesis, which halted withdrawals in November 2022.
The case of clients’ money from Gemini’s Earn program, frozen for a year and a half, is finally moving toward a resolution. On May 17, Judge Sean H. Lane approved Genesis’ Chapter 11 bankruptcy plan. The decision will allow the…
Genesis Global, the digital assets lender that went bankrupt last year, received court approval to pay billions in cash and crypto to creditors. The judge also rejected a legal challenge from Genesis Global's parent company, DCG.