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GENESIS BANKRUPTCY
Bankrupt crypto lender Genesis to pay $21 million to settle SEC chargesThe deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program. ...
Crypto exchange Gemini to return $1.1 billion to customers, pay fine in regulatory settlementGemini's Earn program, which was offered in partnership with crypto lender Genesis Global Capital, was halted during a crypto market crash ...
Genesis gets court approval to sell $1.6 billion in crypto trust sharesU.S. Bankruptcy Judge Sean Lane approved Genesis's request at court hearing in White Plains, New York, allowing the company to monetize its...
Genesis sues Gemini over $689 million in customer withdrawalsGenesis in the lawsuit said up to 230,000 users in the two companies' "Earn" investing program withdrew more than half of billion dollars f...
Genesis Global Capital seeks to recoup over $600 million unpaid loans from DCGGenesis said recovering the unpaid sums would offer a "significant benefit" to its bankruptcy estate, but that DCG is "wrongfully in posses...
Crypto exchange Gemini tries to line up other creditors in new Genesis bankruptcy plan: reportThe new proposal would involve some creditors' fronting funds to help pay others back quickly in exchange for a bigger share of any money w...
Crypto lender Genesis, parent firm DCG reach in-principle deal with creditors: court filingGenesis filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement in principle on a restructuring p...
Crypto firm Gemini sues DCG after conflict over unit's restructuring dealDCG and Gemini, the two most prominent players in the crypto industry, have clashed several times over the past few months following the co...
Deadline set by crypto's Winklevoss looms for Genesis repayment dealThe lending unit of crypto firm Genesis filed for bankruptcy in January after the collapse of key counterparties including FTX caused it to...
FTX gets approval for $50-million LedgerX sale, asserts $3.9-billion Genesis claimAs part of that broader effort, FTX on Wednesday said it would seek repayment of nearly $4 billion from Genesis Global Capital (GGC), the b...
Crypto group DCG says bankrupt unit Genesis' creditors renege on dealDCG, a conglomerate in the digital asset space, had been looking to sell Genesis to repay some of the $3.4 billion, at a minimum, it owes c...
Crypto exchange Gemini to lay off 10% of staff: reportCrypto firms are off to a rocky start in 2023, with major players such as Coinbase Global Inc cutting jobs and Genesis Global Capital, the ...
Crypto lender Genesis files for Chapter 11 bankruptcyGenesis said that its other subsidiaries involved in the derivatives and spot trading and custody businesses and Genesis Global Trading are...
Lending unit of crypto firm Genesis files for US bankruptcyGenesis Global Capital, one of the largest crypto lenders, froze customer redemptions on November 16 after FTX stunned the financial world ...
Crypto broker Genesis owes Gemini's customers $900 million: reportCrypto exchange Gemini is trying to recover the funds after Genesis was wrongfooted by last month's failure of Sam Bankman-Fried's FTX cryp...
US crypto broker Genesis says it is working to avoid bankruptcy filing"Our goal is to resolve the current situation in the lending business without the need for any bankruptcy filing," a Genesis spokesperson s...
FTX holds $1.24 bln cash balance before bankruptcy hearingFTX, which said on Saturday it has launched a strategic review of its global assets and is preparing for the sale or reorganization of some...