2023-9-1 13:02 |
Genesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.”
Similar to Notcoin - Blum - Airdrops In 2024
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The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out.
2023-8-29 11:22 | |
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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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Bankruptcy of Genesis was most likely inevitable, but lack of reaction from market is concerning
2023-1-20 13:50 | |
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Genesis has over 100,000 creditors between the of its companies that declared bankruptcy.
2023-1-20 09:02 | |
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Two sources familiar with the issues at Genesis allege that the company’s global creditors have agreed to negotiate a prepackaged bankruptcy plan.
2023-1-19 00:22 | |
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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 | |
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Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on January 12, citing sources familiar with the matter. The post DCG scrambling to raise funds to cover Genesis’ $3B debt burden appeared first on CryptoSlate.
2023-1-13 18:45 | |
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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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As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million.
2023-1-12 16:23 | |
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As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million.
2023-1-13 16:23 | |
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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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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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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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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 institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX.
2022-12-8 19:38 | |
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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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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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Genesis is in talks with creditors and potential investors, Bloomberg News reports.
2022-11-30 06:31 | |
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Genesis is in talks with creditors and potential investors, Bloomberg News reports.
2022-11-30 06:31 | |
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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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If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
2022-11-22 19:30 | |
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Earlier this week, Canadian crypto custody specialist Balance announced it had become a qualified custodian in the country.
Singaporean cryptocurrency exchange Fairdesk has unveiled plans to wind down its operations in the coming month. This move comes as a surprise, as there had been no prior indications of difficulties facing the platform.
Gemini exits Canadian market, citing strict regulations and compliance costs. Users must withdraw funds by Dec. 31 as all accounts will close by that date. Canada’s new crypto rules, set for 2026, further restrict decentralized markets.
Gemini will make this payment as a settlement for a crypto fraud claim in New York. Gemini is also banned from operating lending programs in New York. Letitia James, the New York Attorney General, announced that her office has successfully…
Gemini Earn users will receive triple the value of assets locked in the lending product after debacles with FTX and Genesis.
Gemini Earn users get $2. 18 billion in digital assets back, which represents a 232% recovery. Users will receive 100% of their crypto back, with the initial distribution representing 97% of Earn users’ assets.
A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing.