2023-10-16 10:19 |
Addresses tied to the bankrupt crypto exchange controlled by a creditors’ group have apparently staked the tokens to earn yield, blockchain data suggests. origin »
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The FTX 2. 0 Coalition, a group comprised of FTX creditors, said Google’s potential $2 billion investment in artificial intelligence firm Anthropic could help the exchange’s defunct users become whole.
2023-10-5 18:45 | |
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Gemini is opposing Digital Currency Group's (DCG) bankruptcy plan, alleging that DCG is trying to 'bait' its lenders into accepting a deal that would allow DCG to pay less than it owes. The post Gemini Accuses DCG of Baiting Creditors Into Unfavorable Deal appeared first on BeInCrypto.
2023-9-18 04:50 | |
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In a Friday 15 court filing, Gemini, the US-based crypto exchange platform, has accused Digital Currency Group (DCG) of engaging in “fraudulent activities” and attempting to evade responsibility for the harm caused to creditors.
2023-9-16 03:00 | |
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Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery."
2023-9-16 00:25 | |
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The in-principle agreement reached by DCG and creditors also said that the ad hoc group and Gemini did not support the deal.
2023-8-30 16:46 | |
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Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.
2023-8-30 12:43 | |
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The latest update for the financial complications faced by Genesis Global, a notable name in the crypto lending space, and its parent company, Digital Currency Group (DCG), shows that both entities seem to have navigated their way out of the murky waters, striking an agreement with their creditors.
2023-8-30 02:00 | |
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Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis. The agreement could possibly lead to a fair recovery for creditors. The agreement is still subject to several handles, but Genesis expects the agreement to be completed in the coming weeks.
2023-8-29 13:14 | |
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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.
2023-8-29 10:28 | |
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Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday.
2023-8-29 09:15 | |
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Digital Currency Group (DCG) is close to settling with the creditors of its subsidiary, Genesis, Bloomberg said on July 31. DCG reportedly released its second-quarter shareholder letter on the same day as Bloomberg’s article.
2023-8-1 04:00 | |
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Cameron Winklevoss of Gemini on Friday took to Twitter to detail a legal action against Genesis and its parent company, Digital Currency Group. The post Gemini Files Legal Complaint Over DCG and Genesis ‘Fraud Against Creditors’ appeared first on BeInCrypto.
2023-7-8 20:30 | |
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Gemini co-founder Cameron Winklevoss has proposed a final offer, mandating Digital Currency Group’s (DCG) Barry Silbert and his embattled company to start reimbursing Gemini Earn creditors by July 21 or face a lawsuit. There appears to be a glimmer of…
2023-7-4 16:15 | |
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Genesis Global Capital, the now bankrupt lending arm of Digital Currency Group (DCG), has failed to pay approximately $630 million due to creditors, leading to discussions among stakeholders about a potential default.
2023-5-23 19:11 | |
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Digital Currency Group (DCG), the owners of bankrupt Genesis, have busted heads with its creditors, according to a statement by DCG. The post Genesis Capital Lenders Walk Away From Restructuring Deal appeared first on BeInCrypto.
2023-4-26 22:46 | |
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A group of unnamed Genesis Capital creditors have raised new demands and walked away from their previous agreement with the bankrupt crypto firm. Genesis Capital wants the court to appoint a mediator In an April 24 court filing, the bankrupt crypto lender applied for appointing a sitting bankruptcy judge in the Southern District of New […] The post Multiple Genesis Capital creditors walk away from agreement – DCG responds appeared first on CryptoSlate.
2023-4-25 15:17 | |
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Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms.
2023-2-11 01:22 | |
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Digital Currency Group has begun liquidating stakes in crypto subsidiaries to raise funds to repay Genesis creditors. US securities filings seen by Financial Times reveal that DCG is having trouble balancing its financial books. The liquidations serve as an effort…
2023-2-7 15:08 | |
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The Digital Currency Group and Genesis have reached an initial deal with a group of the firm’s main creditors. The agreement involves selling Genesis’ bankrupt entities and refinancing ouThe post DCG and Genesis reach initial deal to restructure plan with creditors appeared first on AMBCrypto.
2023-2-7 14:30 | |
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The plan would see the sale of Genesis alongside other measures in a deal reached with DCG and Gemini Trust Co.
2023-2-8 05:05 | |
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Digital Currency Group (DCG) plans to hand its equity stake in Genesis' trading arm to Genesis Global, which will then be sold, pending court approval.
2023-2-7 02:30 | |
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Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors to avoid going under. The post DCG Fights Back as Genesis Rises From Possbile Bankruptcy appeared first on BeInCrypto.
2023-2-7 21:53 | |
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Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle agreement” to restructure the lending firm.
2023-2-7 21:32 | |
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Digital Currency Group (DCG) and CEO Barry Silbert are facing a securities class action (SCA) lawsuit from a group of Genesis creditors.
2023-1-24 18:55 | |
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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,...
2023-1-21 20:05 | |
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Genesis, a subsidiary of DCG, is said to owe creditors more than $3bn and is in a high-profile dispute with the Winklevoss twins over money borrowed from their Gemini exchange. The post Digital Currency Group Could Be Forced to Sell Assets to Pay $3 Billion Debt appeared first on BeInCrypto.
2023-1-13 17:48 | |
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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 | |
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A group of FTX customers seeking priority repayment of roughly $1. 6 billion locked in their custody wallet on the bankrupt FTX exchange, the Financial Times reported. The post FTX creditors seek priority payout for $1.
2022-12-21 18:00 | |
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In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned.
2022-12-5 01:17 | |
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A new group of creditors has filed a lawsuit against Celsius Network seeking repayment of roughly $22.5 million held in the company’s custodial account. The post Creditors file fresh suit against Celsius seeking $22.5M reimbursement appeared first on CryptoSlate.
2022-9-2 15:15 | |
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Suspension of withdrawals on Celsius custody contradicts the plain language of the firm's terms of use, a group of disgruntled creditors argued.
2022-9-1 14:18 | |
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A group of Voyager's creditors have formally objected to the beleaguered crypto lender's bid to pay "retention awards" to its current employees, saying Voyager has done nothing to reduce personnel costs.
2022-8-20 06:06 | |
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A group of Voyager's creditors have formally objected to the beleaguered crypto lender's bid to pay "retention awards" to its current employees, saying Voyager has done nothing to reduce personnel costs.
2022-8-20 06:06 | |
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On January 15, the public was made aware of a deal between the firm Coinlab Inc., the Mt Gox bankruptcy trustee, Nobuaki Kobayashi, alongside MGIFLP, a subsidiary of Fortress Investment Group. According to the proposal, Mt Gox creditors will be able to claim as much as 90% of the bitcoin held by Kobayashi and the […]
2021-1-17 20:30 | |
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The group has offered more to purchase claims from creditors who lost money from the infamous $480 million hack
2020-2-20 08:20 | |
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Private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up claims from creditors of the hacked Bitcoin exchange Mt. Gox
2019-12-20 16:15 | |
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New York-based investment firm Fortress Investment Group has issued a new letter to creditors of the long-collapsed exchange Mt. Gox, proposing to purchase Bitcoin claims at a lower price than previously offered.
2019-12-20 11:21 | |
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Coinspeaker Fortress Investment Group Offers to Buy Mt. Gox Creditor’s Bitcoin ClaimsThe Fortress Investment Group is offering $900 per Bitcoin token to the Mt Gox creditors to take over the claims of their BTC holdings.
2019-7-9 12:24 | |
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Fortress Investment Group is reportedly buying Mt. Gox creditors’ bitcoin claims at $900 each
2019-7-9 02:45 | |
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It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.
2019-4-10 17:39 | |
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Andy Pag, who founded Mt. Gox Legal, has resigned his position as leader of the group, which represents the majority of the now-defunct Bitcoin exchange’s creditors (users who still had funds on the platform at the time of its implosion.
2019-4-10 00:10 | |
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The leader of the group representing victims of the defunct cryptocurrency exchange Mt. Gox is stepping down from his post. The founder and coordinator of Mt. Gox Legal, Andy Pag, is resigning in the midst of a “legal quagmire that could take years to resolve,” he told CoinDesk in an interview.
2019-4-9 14:35 | |
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The founder and coordinator of the largest group of creditors of collapsed exchange Mt. Gox has quit his post and sold his claim, saying reimbursement likely to take years
2019-4-9 13:57 | |
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The head of a large Mt. Gox creditor group is stepping down amid what he described as a legal quagmire that could take years to resolve.
2019-4-9 11:00 | |
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The head of a large Mt. Gox creditor group is stepping down amid what he described as a legal quagmire that could take years to resolve.
2019-4-9 11:00 | |
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Even though the trauma of Mt. Gox is five years old, that has not stopped Mt. Gox Legal from pursuing the compensation that is due to the victims. Mt. Gox Legal is a group that involves 1,000 creditors from the Mt.
2019-3-23 22:48 | |
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A group of Mt. Gox creditors has warned of a market risk to forks of bitcoin in a draft plan for the collapsed exchange's civil rehabilitation.
2019-3-23 16:10 | |
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Justice Wood has appointed legal counsel to represent some 115,000 creditors in incipient legal proceedings against seemingly insolvent cryptocurrency exchange QuadrigaCX, documents published today, February 19, 2019, from the Halifax, Nova Scotia court reveal.
2019-2-20 00:52 | |
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A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation.
2019-2-15 01:45 | |
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Trump-linked merchandise sites have started accepting Donald Trump’s meme token TRUMP for payments, increasing the altcoin’s real-world use cases. According to Bloomberg, individuals can purchase goods from Trump-branded websites using TRUMP.
Over $1. 9 billion was invested in Bitcoin and Ethereum ETFs during Trump’s second-term debut. Ethereum ETFs show promise, but Bitcoin remains dominant amid market fluctuations and institutionThe post $1.
Sol appeared to have finished retracing following the latest bounce back from an 11-day low. It looks set to repeat a bullish pattern following a 7% recovery overnight, but buying pressure appears low.
Solana breached its symmetrical triangle after the market crashed. SOL has surged by 5.3% over the past 24 hours. Over the past month, Solana [SOL] has struggled to maintain an uptreThe post Why Solana could surge by 20% if it breaches THIS price level appeared first on AMBCrypto.
In an unexpected twist following its recent bullish surge, Jupiter (JUP), the token behind the leading Solana-based decentralized exchange (DEX) aggregator, has now formed a death cross on its daily chart.
In an exciting development for the cryptocurrency sector, Cryptex Finance (CTX) has experienced a significant surge in its token value, aligning with some major developments. The price of CTX has surged by 123.
Mango Markets, a decentralized finance (DeFi) platform on the Solana blockchain, has made headlines with its decision to shut down operations, yet paradoxically, its governance token, MNGO, is experiencing a significant price surge.