Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes

2023-1-24 01:40

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.

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Genesis Vision (GVT) на Currencies.ru

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creditors genesis resolution lawyers bankruptcy office around

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Источник: coindesk.com

creditors genesis → Результатов: 26

Creditors Accuse Genesis of Ballot-Stuffing Over $175M FTX Deal

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.”

2023-9-1 13:02	Gemini
creditors genesis bankruptcy january being accused voter

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DCG reaches ‘agreement in principle’ with Genesis creditors, debtors

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	Bankruptcy
creditors genesis out should plan amended amount

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Here's How Much Genesis Owes Creditors Like Gemini, Mirana, VanEck and Others

Bankruptcy of Genesis was most likely inevitable, but lack of reaction from market is concerning

2023-1-20 13:50
genesis inevitable likely reaction concerning market lack

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Genesis Owes Over $3.5B to Top 50 Creditors

Genesis has over 100,000 creditors between the of its companies that declared bankruptcy.

2023-1-20 09:02	Business
creditors genesis companies bankruptcy declared between 100

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Genesis creditors negotiating prepackaged bankruptcy

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	genesis
genesis bankruptcy prepackaged creditors company global plan

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Breaking: Genesis is reportedly planning to file for bankruptcy soon

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	News
reportedly bankruptcy genesis planning breaking soon crypto

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DCG scrambling to raise funds to cover Genesis’ $3B debt burden

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	lending
genesis dcg burden debt raise scrambling funds

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Digital Currency Group Could Be Forced to Sell Assets to Pay $3 Billion Debt

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	genesis
digital billion debt assets pay sell currency

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Troubled Crypto Lender Genesis Owes Creditors Over $3B: FT

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	Business
selling reportedly looking venture 500 million around

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Crypto Lender Genesis Owes Creditors Over $3B: FT

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	Business
selling reportedly looking venture 500 million around

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Gemini's Cameron Winklevoss Calls for Barry Silbert's Ouster From Crypto Conglomerate DCG

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	Business
silbert gemini winklevoss disagreement involvement genesis creditors

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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 […]

2023-1-4 20:00
genesis grayscale ability group able currency repay

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Genesis, DCG Creditors Propose Plan to Resolve Liquidity Issues, Gemini Says

The creditor committee expects to hear from Genesis and DCG by the end of the week.

2022-12-21 07:01	Business
dcg genesis hear expects week committee says

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US DoJ names Genesis in FTX creditors committee

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	genesis
genesis committee ftx form crypto creditors filing

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Genesis Client Letter Suggests No Imminent Solution to Withdrawal Freeze

The institutional crypto brokerage has been in talks with creditors and potential investors since the collapse of exchange FTX.

2022-12-8 19:38	Business
creditors talks potential investors exchange ftx collapse

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Gemini launches creditor committee to recover customers’ funds

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	Winklevoss twins
gemini winklevoss 160 exchange funds committee revealed

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Genesis Creditor Groups' Loans Amount to $1.8B and Counting: Sources

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	Business
genesis groups two million 900 creditors represented

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Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy

Genesis is in talks with creditors and potential investors, Bloomberg News reports.

2022-11-30 06:31	Business
genesis creditors talks potential bloomberg reports investors

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Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy: Bloomberg

Genesis is in talks with creditors and potential investors, Bloomberg News reports.

2022-11-30 06:31	Business
bloomberg genesis creditors talks investors reports potential

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Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors

Genesis also started talks with its largest creditors and borrowers, including Gemini and DCG, to agree on a solution.

2022-11-24 22:47	Business
talks genesis creditors borrowers gemini solution agree

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Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global

If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.

2022-11-22 19:30	Markets
genesis creditors bankruptcy report said assets gbtc

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UK Introduces Bill to Clarify Crypto's Legal Status

The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection.

Tulip Siddiq Appointed as UK City Minister With Responsibity for Financial Services, Crypto

U.K. Prime Minister Keir Starmer appointed Tulip Siddiq as the City Minister, a role that oversees financial services including crypto.

Taiwan Crypto Advocacy Body Becomes Formally Active With 24 Entities

Taiwan's crypto advocacy body, the Taiwan Virtual Asset Service Provider Association, has been formally established and the founding meeting held with 24 cryptocurrency-related entities.

Binance Could Come Back to India by Paying $2M Fine: Report

The exchange could return as a FIU-registered firm after paying the fine, the report added.

Canadian Province Asks QuadrigaCX Co-Founder to Explain His Wealth in New Order

This is the third test for the Province's new tool to combat money laundering.

U.S. CBDC Is Unlikely in the Near Term: Bank of America

The Federal Reserve continues to pilot a central bank digital currency, but will not issue one without executive branch and Congressional support, the report said.

India's Controversial Crypto Tax Should Be Cut After Failing to Achieve Aims, Think Tank Urges

India's most controversial crypto tax, the 1% TDS levy deducted at source, should be lowered to 0.01%, according to the findings of a new study.

2023-1-24 01:40

creditors genesis → Результатов: 26

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