Genesis sues Gemini, seeking nearly $690m in ‘preferential transfers’

2023-11-22 11:42

Genesis says the Winklevoss-founded crypto exchange benefited at the expense of Genesis’ creditors when it withdrew the money at the beginning of the crypto winter. Genesis Global Capital, a crypto brokerage firm owned by Digital Currency Group (DCG), is seeking… origin »

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Genesis Vision (GVT) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -0.03 %
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Капитализация $0 Rank 99999
Доступно / Всего 4.427m GVT

genesis crypto seeking capital brokerage beginning global

Источник: Cripyo.news

genesis crypto → Результатов: 126


Are your funds safe? Crypto lending platforms continue to fall

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


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$2.8B Crypto-Focused Lending Firm Genesis Halts Withdrawals Fearing A FTX-Induced Bank Run

Genesis Global Capital, the crypto lending unit for crypto investment bank Genesis Trading has decided to halt withdrawals in the wake of the FTX collapse. On Wednesday morning, Genesis held a 7-minute call with customers informing them that withdrawal requests for Genesis Capital had exceeded their liquidity capital.

2022-11-17 12:21


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FTX’s collapse:  Hayman Capital’s Kyle Bass says ‘there’s more to come’

FTX’s collapse is still causing reverberations across the crypto market, with the latest crypto news being Genesis’s lending business halting customer withdrawals. Kyle Bass, the founder and CIO of Texas-based asset management firm Hayman Capital Management, says FTX’s collapse could just be the beginning of even more turmoil and failures in the crypto sector.

2022-11-17 19:31


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Криптобизнес дистанцируется от находящейся в преддефолтном состоянии биржи FTX

Криптовалютные компании Genesis, Crypto.com и BlockFi утверждают, что инцидент с биржей FTX не окажет существенного влияния на их детальность и активы пользователей.

2022-11-9 10:59


Топ-менеджеры из Galaxy Digital и Genesis запустят криптофонд на $500 млн

Группа руководителей из Galaxy Digital, Genesis и Convex Trading подали заявку в SEC на регистрацию DBA Crypto Fund I LP в объеме $500 млн. Компания еще не привлекла средства. Генеральными партнерами структуры стали сопредседатель отдела инвестиций Galaxy Digital Майкл Джордан, глава отдела деривативов Genesis Джошуа Лим, бывший вице-президент Genesis по трейдингу Рошун Патель, а также CEO и сооснователь Convex Trading Шейн Барратт.

2022-9-1 17:21


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Genesis creditor already sold 12,100 ETH amid major liquidation

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 concludes bankruptcy with $4b creditor payout

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 transfers $3b worth of crypto amid bankruptcy

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)…

Genesis moves $760m BTC to Coinbase amid sell-off

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…

Gemini Earn returns over $2 billion in crypto, triggering concerns of sell pressure

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.