2023-1-15 18:01 |
Now that the SEC has gotten involved in the ongoing Gemini–Genesis spat, things could get ugly for both parties in the near term.
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Genesis Global Capital sues Gemini Trust for $689 million, alleging preferential transfers amid broader crypto disputes
2023-11-24 17:00 | |
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Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.”
2023-11-22 11:00 | |
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Gemini Trust Co. filed suit against troubled digital asset lender Genesis Global Capital on Oct. 27, seeking to recover $1. 6 billion in collateral for Gemini customers trapped when Genesis halted withdrawals in November.
2023-10-27 20:30 | |
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The Digital Currency Group (DCG), a leading crypto conglomerate and parent company of Genesis lending division, finds itself entangled in the bankruptcy proceedings between Gemini and Genesis. The last few...
2023-5-23 01:00 | |
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SEC has charged Genesis and Gemini of illegally marketing securities to investors. In a complaint filed on Jan. 12, SEC claims that Gemini Earn, a crypto lending program, is unlawful. Genesis, a unit of the Digital Currency Group, agreed to…
2023-1-13 12:47 | |
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The US SEC is accusing Gemini and Genesis of selling unregistered securities. Genesis and Gemini did not register their partnership as a lending partnership. Genesis has been having liquidity issues after FTX’s collapse and has paused withdrawals to date.
2023-1-13 12:21 | |
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Coinspeaker Gemini Ends Earn Program amid Growing Feud with Genesis The master loan agreement (MLA) between Gemini's customers and Genesis now ceases to exist. Gemini Ends Earn Program amid Growing Feud with Genesis
2023-1-11 11:57 | |
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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 | |
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The move, which Gemini says requires Genesis to return all locked-up assets, sunsets the exchange's nearly two year-old Gemini Earn program.
2023-1-11 20:50 | |
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Winklevoss, on behalf of Gemini, called for Silbert's removal for his involvement in the disagreement between Genesis and its creditors.
2023-1-11 17:05 | |
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Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial problems. However, it needs more time in order to accomplish this, the troubled crypto lender’s interim CEO Derar Islim said.
2023-1-6 21:08 | |
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Gemini’s co-founder Cameron Winklevoss wrote an open letter Tuesday accusing Barry Silbert, CEO of DCG, the parent company of Genesis trading, of causing the latter’s collapse. Genesis Global Trading temporarily suspended withdrawals in November due to liquidity issues resulting from the demise of FTX.
2023-1-4 17:00 | |
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Three users of Gemini Earn filed a class arbitration case against Genesis Global Capital, Digital Currency Group (DCG), and Genesis Global Trading, with the American Arbitration Association on December 30.
2023-1-3 15:10 | |
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Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
2023-1-4 07:17 | |
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Claimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
2023-1-3 07:17 | |
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Cameron Winklevoss wrote an open letter to Barry Silbert asking him to solve Gemini Earn users' problems by Jan. 8 The post Cameron Winklevoss Ultimatum to Barry Silbert: Solve Genesis Problems by Jan. 8 appeared first on BeInCrypto.
2023-1-3 23:15 | |
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Комитет кредиторов Genesis и DCG предложил компаниям план решения проблем с ликвидностью и ожидает услышать их мотивированный ответ к концу недели.
2022-12-23 11:12 | |
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Gemini co-founder Cameron Winklevoss says that global investment bank Houlihan Lokey is working to resolve liquidity issues at the exchange.
2022-12-22 00:46 | |
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Gemini Earn customers will likely receive 100% of their assets despite the Digital Currency Group owing Genesis $1.7 billion. The post Gemini Earn Customers Likely to Receive Speedy Resolution appeared first on BeInCrypto.
2022-12-22 21:21 | |
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Gemini creditor commission presented a plan to address the liquidity problems at Genesis and DCG.
2022-12-21 14:03 | |
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The Gemini creditor committee presented a plan to Genesis and DCG to resolve their liquidity issues Genesis and DCG owe $900 million to Gemini Gemini, as of 21 December, provided an updateThe post Can Gemini's Creditor Committee resolve the Genesis, DCG liquidity crisis appeared first on AMBCrypto.
2022-12-21 13:30 | |
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The creditor committee expects to hear from Genesis and DCG by the end of the week.
2022-12-21 07:01 | |
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The creditor committee expects to hear from Genesis and DCG by the end of the week.
2022-12-21 07:01 | |
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The co-founder of Gemini, Cameron Winklevoss, on Wednesday announced via a series of tweets that the crypto exchange has launched a page to help Gemini Earn users. KEY TAKEAWAYS Gemini Earn was impacted after crypto lender Genesis paused withdrawals and Earn redemptions.
2022-12-7 12:36 | |
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Winklevoss twins have created a committee of creditors to reclaim Gemini’s funds from DCG and Genesis, who reportedly owe the exchange about $900 million. Cameron Winklevoss has revealed that Gemini, the crypto exchange he co-founded with his brother Tyler in 2014, has…
2022-12-7 17:51 | |
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The crypto market is pumping, but the risks from Genesis and Gemini remain. Is the pump exit liquidity for whales? The post Exit Liquidity? Cryptos Pump While Gemini and Genesis Remain in Deep Waters appeared first on BeInCrypto.
2022-12-6 16:30 | |
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По данным Financial Times, сервис криптовалютного кредитования Genesis и его материнская компания Digital Currency Group (DCG) задолжали клиентам биржи Gemini более $900 млн.
2022-12-6 09:18 | |
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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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Crypto lender Genesis owes US-based crypto exchange Gemini customers $900 million, according to a December 3 Financial Times report. The post Crypto Lender Genesis Owes Crypto Exchange Gemini Clients $900M, FT Report appeared first on BeInCrypto.
2022-12-5 16:09 | |
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Major crypto lender Genesis Trading and its parent company Digital Currency Group (DCG) owe users of cryptocurrency exchange Gemini $900 million. Financial Times reported on Dec. 3, 2022, that users of Gemini Earn lost $900 million when Genesis — the external firm that…
2022-12-5 22:00 | |
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The issue is tied to the Gemini Earn program, which offers 8% earn interest on crypto lending and is operated by Gemini in partnership with Genesis.
2022-12-5 19:05 | |
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Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution.
2022-11-24 22:47 | |
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Genesis needs a $1 billion liquidity injection by Monday and Gemini sees significant bitcoin outflows as fears of insolvency spread throughout the industry.
2022-11-20 11:00 | |
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Staggering amount of Bitcoin has been moved off Gemini as investors and traders have been alerted
2022-11-18 17:08 | |
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Embattled crypto lender Genesis was reportedly seeking a bailout before it suspended withdrawals this week. The post Gemini Exodus Begins as Genesis Liquidity Woes Deepen appeared first on BeInCrypto.
2022-11-18 07:34 | |
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Key Takeaways Genesis Capital have become the latest firm to get caught up in the crypto crash, suspending withdrawals yesterday Gemini soon followed, suspending withdrawals on their Earn product These are all yield -earning services, however – very different from FTX FTX’s biggest transgression was masquerading as an exchange while acting as a hedge fund, […] The post Are your funds safe? Crypto lending platforms continue to fall appeared first on CoinJournal.
2022-11-17 15:19 | |
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Deribit crypto trading derivatives exchange has issued statements regarding affiliations with some troubled crypto companies such as Genesis Global Capital, Gemini Earn, etc. Reasons Deribit disengaged from Gemini and Genesis According to a Twitter post on November 16, 2022, from…
2022-11-17 03:45 | |
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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 | |
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The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
2022-11-17 00:45 | |
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U. S leading crypto exchange, Gemini, says redemption of EARN products is being delayed after its partner in the product, Genesis Global, paused withdrawals on its borrowing platform amid the crypto liquidity crisis.
2022-11-16 20:30 | |
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Genesis Global Capital has temporarily suspended redemptions and new loan originations following the spectacular collapse of the FTX cryptocurrency exchange. Genesis, Gemini Hit by FTX Contagion Early signs of contagion...
2022-11-16 18:44 | |
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Gemini предупреждает пользователей о возможных задержках вывода средств из проекта Earn в связи с приостановкой работы платформы кредитования Genesis.
2022-11-17 18:33 | |
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Earn program of Gemini exchange says it will not be able to deliver on its SLA redemptions for customers
2022-11-17 17:31 | |
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Earn program of Gemini exchange says it will not be able to deliver on its SLA redemptions for customers
2022-11-16 17:31 | |
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The product is part of Gemini’s attempt to bring in new crypto investors with bank-like products.
2021-2-2 15:00 | |
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Blockchain financial service company Unchained Capital will now offer multi-signature and multi-institution cold storage solutions for borrowers who leverage its crypto-collateralized loans service.
2018-11-2 21:42 | |
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Enron Corporation plans to relaunch its business by leveraging blockchain technology following its historical collapse in 2001.
After a month of retracement, FTT resumed bullish this month and climbed slowly as demand rose. It currently looks set to break higher amid the latest volatility surge. FTT outlook is becoming more bullish on the daily chart following this month’s bounce off the $1.5 level, though buying pressure has […]
FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC verification and submit tax forms to receive payments.
Gary Wang is now the fifth former executive of collapsed crypto exchange FTX to be sentenced for their role in the company’s implosion. Wang received a sentence of time served and three years of supervised release and will forfeit $11 billion.
Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.
Former FTX chief technology officer and close friend of Sam Bankman-Fried, Gary Wang, won’t have to serve prison time for his involvement in the crypto exchange’s fraud scheme, The New York Times reported.
The US Department of Justice (DOJ) filed a civil forfeiture complaint to seize approximately $16 million in assets from a Binance account connected to an FTX bribery case, according to a Nov. 12 court filing.