2023-9-14 01:05 |
DCG, parent company of insolvent Genesis, is proposing a creditor repayment plan, including that of Gemini Earn investors origin »
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Newly unsealed court documents suggest that Digital Currency Group (DCG) knowingly used its bankrupt subsidiary, Genesis, as a private cash pool. This was allegedly done despite repeated warnings about Genesis’s worsening financial condition.
2025-6-26 17:16 | |
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Genesis has hired global investment bank - Moelis & Company to explore all possible options including bankruptcy DCG's CEO Barry Silbert revealed that the parent company owes Genesis $575 mThe post Genesis onboards financial advisors as it explores 'all possible options' appeared first on AMBCrypto.
2022-11-23 00:30 | |
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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 | |
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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 | |
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Genesis reported earlier that its derivatives business currently has about $175 million in locked funds in its FTX trading account.
2022-11-12 19:08 | |
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Базирующийся в Нью-Йорке внебиржевой криптовалютный дилер Genesis Global Trading сообщил, что всего за полгода работы выдал своим институциональным клиентам займы в криптовалютах на сумму более полумиллиарда долларов США.
2018-10-18 21:51 | |
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Crypto lender Genesis Global Capital has filed two lawsuits against its parent company, Digital Currency Group, and CEO Barry Silbert, seeking to recover over $1 billion in allegedly improper transfers made while Genesis was insolvent. According to a May 20…
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…