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Genesis Chapter 11 Bankruptcy Set To Be Resolved Soon, DCG Says
Genesis Global Holdco, the parent company of cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection on January 20. The move came after Genesis Global Capital halted customer repayments on November 16, raising concerns about the potential failure of other firms. дальше »
2023-8-1 03:00 | |
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DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
Digital Currency Group comments on the restructuring in an investor letter. дальше »
2023-8-1 20:27 | |
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Grayscale Bitcoin Trust’s Premium Falls To 28% As Tug-Of-War With SEC Continues
The Grayscale Bitcoin Trust (GBTC) has been on an uncertain journey over the last year as crypto headwinds have fluctuated. This was a result of the uncertainty triggered by the Genesis Trading bankruptcy, a company under the same Digital Currency Group (DCG) umbrella, of which the GBTC is a part. However, the trust has done […] дальше »
2023-7-12 02:30 | |
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Genesis’ Parent Company DCG Missed a $650M Payment to Gemini, 232,000 Earn Users in Limbo
The Digital Currency Group (DCG), a leading crypto conglomerate and parent company of Genesis lending division, finds itself entangled in the bankruptcy proceedings between Gemini and Genesis. The last few... дальше »
2023-5-23 01:00 | |
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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. дальше »
2023-5-22 14:45 | |
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Genesis Lawyers to Answer $3.9 Billion FTX Clawback Amid DCG Default
A recent FTX clawback demand has placed additional pressure on Genesis bankruptcy lawyers as other companies await a compensation plan . The post Genesis Lawyers to Answer $3.9 Billion FTX Clawback Amid DCG Default appeared first on BeInCrypto. дальше »
2023-5-8 15:30 | |
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Genesis settlement disrupted by new creditor demands, DCG says
Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy.
дальше »2023-4-25 16:57 | |
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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. дальше »
2023-4-25 15:17 | |
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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. дальше »
2023-2-7 16:30 | |
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DCG Fights Back as Genesis Rises From Possbile Bankruptcy
Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors to avoid going under. The post DCG Fights Back as Genesis Rises From Possbile Bankruptcy appeared first on BeInCrypto. дальше »
2023-2-7 21:53 | |
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Breaking: DCG And Genesis Close Initial Agreement With Creditors
Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle agreement” to restructure the lending firm. дальше »
2023-2-7 21:32 | |
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Gemini Vows Legal Action Against Genesis’ Parent Company amidst Bankruptcy Filing
US-based cryptocurrency exchange Gemini – founded by twin brothers Cameron Winklevoss and Tyler Winklevoss – is embroiled in a fresh tussle with Genesis Capital’s parent company DCG after the crypto lender (Genesis) filed for bankruptcy protection. дальше »
2023-1-30 22:18 | |
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Crucial Day For Bitcoin: Court Sets Date For Grayscale Vs. SEC
The insolvency of Genesis Trading and the related uncertainty about the future of Digital Currency Group (DCG) and Grayscale have not really dampened the mood on the Bitcoin market in recent weeks. Genesis’ bankruptcy filing, which was announced last Thursday, seems to have already been priced in by investors. дальше »
2023-1-24 13:40 | |
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The Fall of Genesis: A Wake-up Call for the Crypto Industry
The crypto industry has received a significant blow as Genesis, a prominent cryptocurrency lender, filed for bankruptcy. The SEC charges Genesis for illegal crypto sales. Genesis is a part of the DCG conglomerate of 200+ crypto-focused businesses. дальше »
2023-1-23 23:15 | |
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DCG responds to Genesis bankruptcy; Bitcoin jumps 4% as contagion fears lessen
Digital Currency Group, the parent company of both Genesis and Grayscale, released a statement on January 20 commenting on the news that Genesis had filed for Chapter 11 bankruptcy. The post DCG responds to Genesis bankruptcy; Bitcoin jumps 4% as contagion fears lessen appeared first on CryptoSlate. дальше »
2023-1-21 23:58 | |
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Cameron Winklevoss Threatens Lawsuit after Genesis Filed for Bankruptcy
Coinspeaker Cameron Winklevoss Threatens Lawsuit after Genesis Filed for Bankruptcy Winklevoss said this move will afford the firm to recoup its funds as the Barry Silbert-led DCG has continued to refuse to offer its creditors a fair deal. дальше »
2023-1-21 14:34 | |
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Genesis could file for bankruptcy this week: report
Genesis Global Capital, a crypto lending platform owned by Digital Currency Group (DCG), is said to be considering filing for bankruptcy. According to a Bloomberg report, Genesis is likely to file for bankruptcy this week. дальше »
2023-1-19 23:31 | |
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Crypto.news weekly recap: former FTX boss maintains innocence, Nexo’s woes, DCG and Gemini face-off
From Sam Bankman-Fried's claims of innocence, crypto rebounce, FTX bankruptcy proceedings, Nexo raids, Coinbase layoffs, Gemini and DCG drama, the past week was activity-stuffed. дальше »
2023-1-16 19:23 | |
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Silbert responds to Winklevoss’s accusations: DCG doesn’t have to return the funds
Cameron accused Silbert of misrepresenting statements to Gemini on how the company was capitalized DCG’s responsibility for Genesis restructuring and bankruptcy based on non-callable $1. дальше »
2023-1-11 08:43 | |
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Bankrupt 3AC Founder Expects Genesis Bankruptcy, What Happens To Grayscale?
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 […] дальше »
2023-1-4 20:00 | |
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New Chelsea owner will receive $350 million if Genesis is bankrupt
The new Chelsea FC CEO Todd Boehly will acquire $350 million if the crypto lender Genesis declares bankruptcy. Digital Currency Group will be liable for such an outstanding loan. DCG tries to raise funds to support Genesis Digital Currency Group… дальше »
2022-12-22 22:09 | |
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Genesis onboards financial advisors as it explores 'all possible options'
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. дальше »
2022-11-23 00:30 | |
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