2023-10-13 20:01 |
Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX. origin »
|
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 | |
|
|
US Bankruptcy Judge Sean Lane has granted Genesis more time to submit a payout proposal, despite requests from FTX and other creditors for Genesis to pay back funds. FTX claims Genesis owes it $3.
2023-6-6 14:30 | |
|
|
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 | |
|
|
People familiar with the matter have revealed that some of the executives at the bankrupt crypto lender Genesis Global Capital have received discounts on FTX’s native token, FTT, and serum (SRM), which was also launched with the help of the…
2023-3-28 13:01 | |
|
|
As FTX seeks clawbacks on political donations, Digital Currency Group and its bankrupt subsidiary, Genesis, have reached a restructuring agreement.
2023-2-11 23:30 | |
|
|
Matthew Sedigh is the CEO at Xclaim, a marketplace for crypto bankruptcy claims. Users who have accounts with stranded assets at FTX, Genesis, Celsius, Voyager or BlockFi can sell the claim on their account to recover some liquidity.
2023-2-10 00:00 | |
|
|
The collapse of the FTX exchange may have been the worst sting ever for the crypto industry since it continues to cause more crypto companies to collapse. The latest victim is Genesis Global, which filed for bankruptcy under Chapter 11 of the US bankruptcy act.
2023-2-9 21:25 | |
|
|
FTX creditor list reveals shadow banks like Genesis whose influence on crypto prices is likely to grow weaker. The post Latest FTX Creditor List Could Spell the End of Crypto Shadow Banks appeared first on BeInCrypto.
2023-1-27 20:30 | |
|
|
Платформа Genesis Global Capital сегодня подала заявление о несостоятельности в соответствии с Главой 11 Кодекса США о банкротстве. Заявки были направлены от имени Genesis Global Holdco и ее дочерних компаний Genesis Asia Pacific и Genesis Global Capital.
2023-1-21 22:32 | |
|
|
Genesis Global Capital leads the revised list that un-redacted the names of several creditors.
2023-1-21 17:56 | |
|
|
Компания Genesis Capital подала заявление на банкротство в суд Южного округа Нью-Йорка. К такому решению привел крах фонда Three Arrows Capital и биржи FTX.
2023-1-21 16:43 | |
|
|
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
2023-1-20 11:07 | |
|
|
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 | |
|
|
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
2023-1-20 07:32 | |
|
|
Genesis had previously halted customer withdrawals following FTX's epic collapse.
2023-1-19 21:54 | |
|
|
2023-1-15 00:16 | |
|
|
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 | |
|
|
Лендинговый продукт Earn стал причиной дискуссии о распределении рисков в криптосфере. «Эхо» коллапса криптобиржи FTX продолжает сказываться на криптосфере. Лендинговый продукт Earn, который был запущен криптобиржей Gemini в партнерстве с OTC-трейдинговой платформой Genesis Trading, оказался в сложной финансовой ситуации, а выплаты по этому продукту были «заморожены» в середине ноября 2022 года. Накопленные обязательства по этому […]
2023-1-11 17:15 | |
|
|
After the FTX collapse, concerns around the Digital Currency Group (DCG) and its subsidiaries (Genesis, Grayscale) began spreading across the industry. Can the crypto market witness yet another contagion? Fears around the most exposed and whether this could lead to a chain reaction of cascading liquidations and insolvencies.
2023-1-7 18:00 | |
|
|
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 | |
|
|
Genesis halted withdrawals in November in aftermath of FTX's collapse.
2023-1-5 17:34 | |
|
|
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 | |
|
|
Seven months down the line, 3AC founder, Zhu Su, has come out openly to blame Digital Currency Group (DCG), the parent firm behind Grayscale Investments and Genesis Trading, for the collapse of Terra.
2023-1-4 11:59 | |
|
|
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 | |
|
|
During a panel discussion at Taipei Blockchain Week, Darius Sit noted the continued institutional adoption of the crypto options and derivatives market, among industry high points; former FTX CEO Sam Bankman-Fried arrested.
2022-12-13 02:58 | |
|
|
There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. The post Genesis Block customer funds sent directly to Alameda accounts before FTX fall out appeared first on CryptoSlate.
2022-12-10 22:56 | |
|
|
Соучредитель Terraform Labs призвал проблемные FTX и Genesis рассказать общественности правду и раскрыть роль в гибели экосистемы Terra LUNA.
2022-12-9 15:28 | |
|
|
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 | |
|
|
The institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX.
2022-12-8 19:38 | |
|
|
Coinspeaker Former FTX CEO May Have Influenced Alameda Research to Invest $1. 15B in Mining Firm Genesis Digital Alameda consulted troubled entrepreneur Sam Bankman-Fried before investing in Genesis Digital.
2022-12-5 14:51 | |
|
|
Крупнейшая инвестиция трейдинговой компании криптобиржи FTX была ориентирована на майнинг биткоинов. Согласно появившимся данным о деятельности Alameda, трейдинговой компании криптобиржи FTX, самая крупная инвестиция Alameda (1,15 млрд долларов) и других юридических лиц, входивших в экосистему FTX, — это компания Genesis Digital Assets, которая занимается майнингом криптовалют, в основном — биткоинов. Одна из последних инвестиций (250 […]
2022-12-5 11:16 | |
|
|
Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposure to the contagion.
2022-12-3 19:36 | |
|
|
The downfall of the FTX exchange has caused a domino effect: a growing list of crypto firms, such as BlockFi and Genesis, halting withdrawals. CoinDesk counts 15 of these announcements just this year.
2022-11-24 22:23 | |
|
|
The crypto contagion sparked by the downfall of FTX seems to have found its latest victim- Genesis Global Capital. However, the trouble isn’t limited to the New Jersey-based crypto lender. MarkeThe post DCG CEO Barry Silbert addresses investors’ concerns in a letter to shareholders appeared first on AMBCrypto.
2022-11-23 20:00 | |
|
|
The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 23, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
2022-11-24 16:27 | |
|
|
The biggest news in the cryptoverse for November 22 includes the increasing rate of miner sellouts, realized Bitcoin loss from FTX fallout surpassing the losses caused by the Terra collapse, and Digital Currency Group CEO Barry Silbert’s comments regarding the liquidity situation at Genesis.
2022-11-23 01:05 | |
|
|
Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on November 22 addressing the situation surrounding Genesis’ liquidity.
2022-11-23 23:55 | |
|
|
Криптолендинговая платформа Genesis стала испытывать сложности с ликвидностью ещё после краха инвестиционного фонда The Arrows Capital. Крах криптобиржи FTX продолжает затрагивать не только около 100 компаний, которые находятся в экосистеме этой площадки с Багамских островов, но и некоторых других участников криптосферы.
2022-11-23 11:50 | |
|
|
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 | |
|
|
An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year.
2022-11-22 22:48 | |
|
|
Following the recent collapse of FTX, the fallout spread to Genesis, which had already been bailed out by parent company Digital Currency Group (DCG) earlier this year following the failure of Three Arrows Capital.
2022-11-20 16:00 | |
|
|
The added pressure comes after Genesis Global Capital – a corporate sibling to bitcoin trust manager Grayscale Investments – halted customer withdrawals from its lending unit this week.
2022-11-22 23:48 | |
|
|
Genesis Block, a famous crypto retail services company in Hong Kong, announced that it had stopped trading as the effects of the implosion of FTX and liquidity problems at other significant cryptocurrency enterprises are still shaking the sector. Genesis Block…
2022-11-18 22:15 | |
|
|
The Hong Kong-based company was once Asia’s largest Bitcoin ATM player.
2022-11-18 15:26 | |
|
|
South Korean crypto exchange GOPAX has announced suspending principal and interest payments in its DeFi service GOFi, which brokers products from global crypto lender Genesis Global Capital.
2022-11-18 14:01 | |
|
|
Cryptocurrency prices remained on edge this week as the collapse of FTX continued. During the week, Genesis, a leading crypto exchange, suspended its withdrawals briefly. Similarly, a crypto lender associated with Digital Currency Group (DCG) suspended most of its business.
2022-11-18 13:37 | |
|
|
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 | |
|
|
Bakkt Holdings has revealed that it has no exposure to FTX, FTT, Alameda, Genesis, or companies that have halted activities due to the ongoing contagion in the crypto markets. The company made this known in a press release on November…
2022-11-18 21:00 | |
|
|
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 | |
|
|
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.