2023-11-10 19:15 |
In a Nov. 9 court filing, Genesis, the cryptocurrency trading lender heavily impacted by the collapse of Three Arrows Capital (3AC) and FTX last year, is now seeking out court approval for a settlement agreement. origin »
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Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with imploded crypto hedge fund 3AC.
2023-11-11 16:51 | |
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New York-based cryptocurrency exchange Gemini has officially initiated legal action against Digital Currency Group’s (DCG) Genesis Global in the Southern District of New York Bankruptcy Court.
2023-11-4 15:23 | |
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Sam Bankman-Fried testifies in court, searches for ‘buy Bitcoin’ surge, and Gemini sues Genesis over collateral.
2023-10-29 00:37 | |
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Gemini wrote to a federal judge asking the bankruptcy court to invalidate any claims Genesis has to a trove of Grayscale Bitcoin Trust (GBTC) shares in an ongoing dispute between both the two crypto entities.
2023-10-28 21:52 | |
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Genesis and its associated companies were ordered by a judge to produce documents on Oct. 13, as part of a securities case initiated by the U. S. Securities and Exchange Commission (SEC) against Terraform Labs.
2023-10-17 00:20 | |
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Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX.
2023-10-13 20:01 | |
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Genesis Global Trading navigates through legal storms, settling a $175 million lawsuit with FTX, while pausing customer withdrawals, unveiling the intricate fiscal maneuvers within the crypto industry.
2023-10-13 19:52 | |
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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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Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesday.
2023-9-7 21:54 | |
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Crypto exchange Gemini rejected the proposed settlement deal between bankrupt crypto platform FTX and Genesis, according to an Aug. 31 court filing. Gemini posited that the proposed settlement between the failed firms is an attempt to manipulate the voting process for the bankruptcy plan, further describing it as a “sweetheart pre-plan deal” designed to benefit […] The post Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’ appeared first on CryptoSlate.
2023-9-1 14:01 | |
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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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FTX's Alameda Research has settled a claim for $175 million with the bankrupt crypto firm, Genesis, according to recent court filings
2023-8-18 19:46 | |
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Alameda Research has agreed to claim $175 million from the estate of Genesis Global, according to an agreement submitted to the court on Aug. 16. This resolves the dispute between the two bankrupt entities over claims against each other.
2023-8-17 18:45 | |
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The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New York, both firms – who happened to have filed for bankruptcy – have agreed to settle their ongoing billion-dollar dispute.
2023-7-30 23:00 | |
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FTX and Genesis representatives informed the US court that they are ready to settle the bankruptcy case. In a filing to Judge Lane of the United States Bankruptcy Court, FTX and Genesis lawyers state that they agreed on a potential…
2023-7-28 13:53 | |
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FTX and Genesis are bankrupt and have been trying to collect funds for creditors under court supervision. The agreement will resolve FTX’s claims against Genesis debtors and vice versa. Genesis is the largest unsecured creditor of FTX.
2023-7-28 12:19 | |
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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert in a New York court on July 7. The company is seeking to recover the damages and losses incurred due to DCG’s and Silbert’s alleged “false, misleading, and incomplete” representations and […]
2023-7-8 01:00 | |
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Genesis Capital filed an updated reorganization plan on June 13, days after the bankruptcy court extended mediation talks with relevant stakeholders to August 2. It is an updated version of the initial wind-up plan submitted by the collapsed crypto lender in January as part of its bankruptcy proceedings.
2023-6-14 22:14 | |
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FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court filing. FTX’s claim estimated at zero On May 9, Genesis began to seek a 100-day extension for its Chapter 11 recovery plan.
2023-6-3 17:16 | |
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The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
2023-5-30 13:00 | |
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The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.
2023-5-29 13:00 | |
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Bankrupt crypto lender Genesis has filed a motion to extend the exclusivity period for its reorganization plan by 100 days. Why Genesis sought an extension In a May 19 court filing to the United States Bankruptcy Court for the Southern District of New York, the bankrupt lender, said it needed the extension “to achieve a […] The post Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment appeared first on CryptoSlate.
2023-5-22 14:45 | |
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Gemini is planning to file a new motion with the court seeking the return of $1.1 billion of digital assets from DCG-owned Genesis.
2023-5-22 12:05 | |
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In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely repaid” the roughly $8 billion it lent to Alameda Research, a…
2023-5-4 14:30 | |
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Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.
2023-5-4 00:48 | |
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The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court.
2023-4-28 17:01 | |
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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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After weeks of tense back-and-forths, Digital Currency Group, Genesis, and Gemini seem to have reached an agreement as to a possible restructuring planwhich still needs court approval. A Positive Step...
2023-2-8 19:46 | |
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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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The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan.
2023-2-6 22:20 | |
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Roger Ver, an early Bitcoin advocate who now advocates for the Bitcoin Cash blockchain, has been accused in court by Genesis of failing to settle cryptocurrency options, with $20.9 million of damages sought.
2023-1-26 21:12 | |
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A subsidiary of bankrupt crypto lender Genesis — GGC International Limited — filed a $20.86 million claim against Bitcoin Cash (BCH) proponent Roger Ver, according to a January 23 court filing. The post Genesis subsidiary sues ‘Bitcoin Jesus’ for $20.86M appeared first on CryptoSlate.
2023-1-25 09:15 | |
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The court action seeks damages from the Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022.
2023-1-25 01:11 | |
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The insolvency of Genesis Trading and the related uncertainty about the future of Digital Currency Group (DCG) and Grayscale have not really dampened the mood on the Bitcoin market in recent weeks. Genesis’ bankruptcy filing, which was announced last Thursday, seems to have already been priced in by investors.
2023-1-24 13:40 | |
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Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors.
2023-1-24 01:40 | |
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Genesis Global Holding Corporation has officially filed for chapter 11 bankruptcy. The trading and lending subsidiary of Digital Currency Group submitted filings late Thursday night at the New York Southern District Bankruptcy Court, bringing the toll of top-tier bankrupt crypto companies to 10.
2023-1-22 14:42 | |
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Bankruptcy court documents filed by Genesis interim CEO Derar Islim show that the now-defunct crypto lending platform owed $5.1 billion.
2023-1-21 21:58 | |
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The parent firm of embattled crypto lender Genesis Global Capital, Genesis Global Holdco, LLC, filed for Chapter 11 bankruptcy protection in New York federal district court. FTX collapse, the breaking point for Genesis Genesis Global Holdco, LLC estimated in a…
2023-1-20 10:17 | |
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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 | |
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The bankrupt 3AC owes $3. 5 billion to dozens of investors, as stated in a court paper. The Genesis OTC platform was the largest company creditor — $2. 36 billion. Interestingly, another major bankrupt company Voyager Digital is next on the list – $685 million.
2022-7-20 18:35 | |
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In a court filing in Singapore, 3AC's liquidators seek to slow down an expected onslaught of suits while they figure out the company’s complex financial dealings.
2022-7-19 00:44 | |
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Bitcoin SV [BSV] completed its Genesis hard fork on 4 February and according to the community ethos, it was an attempt to "return to the Bitcoin protocol as closely as possible to the original releaseThe post Bitmain, Kraken-targeted lawsuit dismissed by United States District Court appeared first on AMBCrypto.
2020-2-6 21:00 | |
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South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past.
2018-6-11 18:04 | |
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OX.FUN, a hybrid perps crypto exchange backed by co-founders of the failed Three Arrows Capital hedge fund, is under scrutiny as data suggests it holds mostly its own OX token. Gamified crypto derivatives exchange OX.FUN, which lists Three Arrows Capital…
A report revealed that the spouse of one of the co-founders of the now-defunct Three Arrows Capital, or 3AC, sold one of their luxurious mansions in Singapore. Related Reading: Crypto Corruption Exposed: Thailand Police Gang Arrested For $165K Extortion Property Sale Despite Asset Freeze Reports disclosed that 3AC co-founder Zhu Su’s wife, Tao Yaqiong, successfully […]
A meme coin fund launched by Three Arrows Capital has come under fire for allocating around 84% of its tokens to wallets belonging to team members and insiders. A post by BubbleMaps blockchain analytics showed that more than 80% of…
Liquidators of the defunct crypto hedge fund Three Arrows Capital are reportedly pursuing a claim of at least $1.3 billion from TerraForm Labs. According to an Aug. 12 report by Bloomberg, the claim stems from 3AC’s losses following the 2022…
Kyle Davies, co-founder of the hedge fund Three Arrows Capital, gave an extensive interview to journalist Laura Shin.
Соучредитель Mechanism Capital, Эндрю Канг, приобрел оригинальный NFT, Pepe the Frog у обанкротившегося крипто-хедж-фонда Three Arrows Capital, известного как 3AC, за нераскрытую сумму. Аукционный дом Sotheby’s способствовал частной продаже в рамках ликвидации оставшихся NFT 3AC.
Digital Currency Group подала сегодня ходатайство об отклонении иска генерального прокурора Нью-Йорка, Летиши Джеймс, против нее и ее дочерней компании Genesis Global Capital. Иск был подан в октябре 2023 года, а в прошлом месяце его расширили.