DCG and Genesis reach landmark settlement over bankruptcy

DCG and Genesis reach landmark settlement over bankruptcy
фото показано с : btcmanager.com

2023-8-30 18:54

DCG's has reached a settlement with Genesis as they agree to reimburse creditors 70-90% as they seek tp address bankruptcy complexities and setting new recovery standards.

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bankruptcy dcg settlement genesis address seek complexities

Источник: btcmanager.com

bankruptcy dcg → Результатов: 26


Genesis seeks 100-day extension for recovery plan as DCG misses $630M payment

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


Multiple Genesis Capital creditors walk away from agreement – DCG responds

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


Barry Silbert’s DCG selling off assets at distressed prices, but market doesn’t care

Key Takeaways DCG own the Grayscale Bitcoin Trust, which has been trading at a sizeable discount following concern around the reserves held DCG has begun selling off crypto assets at distressed prices following bankruptcy of Genesis Market seems to have priced this in, but there could be more twists to come A couple of weeks […] The post Barry Silbert’s DCG selling off assets at distressed prices, but market doesn’t care appeared first on CoinJournal.

2023-2-7 16:30


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Next Bitcoin Crash? Insight On Genesis’ $1.5 Billion GBTC Sale

The crypto community has been abuzz with discussions surrounding Genesis’ intent to sell approximately 36 million shares of Grayscale Bitcoin Trust (GBTC), a move valued around $1.5 billion. This announcement stoked fears of a potential market downturn, reminiscent of the apprehensions following the FTX bankruptcy estate’s sale of over $1 billion worth of GBTC. However, a […]