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...
23 Nov, 2023, 11.42 AM IST
NY Attorney General sues crypto firms Gemini, DCG, Genesis for 'fraud'New York Attorney General Letitia James has filed a lawsuit against cryptocurrency firms Genesis Global, Digital Currency Group (DCG), and ...
20 Oct, 2023, 09.22 AM IST
Crypto firm DCG says Genesis' agreement with creditors to result in 70-90% recoveryGenesis, which filed for bankruptcy protection in January and owes at least $3.4 billion to creditors, reached an in-principle agreement on...
13 Sep, 2023, 08.27 PM IST
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...
07 Jul, 2023, 09.18 PM IST
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...
06 Jul, 2023, 12.12 PM IST
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...
05 May, 2023, 08.31 AM IST
Grayscale would appeal lawsuit against SEC if court rejects case, CEO saysAs Grayscale awaits a court ruling on a June lawsuit against the SEC, CEO Michael Sonnenshein said he was prepared to appeal if the court b...
25 Jan, 2023, 11.16 AM IST
Crypto firms acted like banks, then collapsed like dominoesIn a span of less than 12 months, nearly all of the biggest cryptocurrency companies have failed spectacularly.
24 Jan, 2023, 08.30 PM IST
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 ...
24 Jan, 2023, 10.49 AM IST
Crypto lending teeters on brink of extinction after Genesis collapseThis will make the market and its practices look more similar to lending in traditional markets, including rules on how much collateral mus...
21 Jan, 2023, 12.33 PM IST
Crypto empire DCG faces US investigation over internal transfersProsecutors have started requesting interviews and documents, one of the people said. The Securities and Exchange Commission is also conduc...
08 Jan, 2023, 09.54 AM IST
Crypto firms off to rocky start in 2023 with outflows, layoffs and a lawsuitThe fallout from the collapse of crypto exchange FTX and criminal charges leveled against its founder Sam Bankman-Fried weighed heavily on ...
06 Jan, 2023, 09.06 AM IST
FTX gets official creditors' committee in its bankruptcy caseThe committee - which includes a mix of individual account holders, investment funds, and an affiliate of U.S. crypto firm Genesis - will r...
16 Dec, 2022, 10.58 AM IST
FTX was run as 'personal fiefdom,' faces hacks, missing assets, attorneys sayIn the highest-profile crypto blowup to date, FTX filed for protection in the United States after traders pulled $6 billion from the platfo...
23 Nov, 2022, 11.57 AM IST
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...
22 Nov, 2022, 07.05 PM IST
Hong Kong's leading crypto retail operator ceases trading as FTX fallout roils sector"We have ceased trading, as we don't know which counterparties would fail next, so we would rather close out all our positions to regain so...
18 Nov, 2022, 03.06 PM IST
The Lehman effect: How the world in 2008 impacts India in 2013The genesis of the current fractured state of the Indian economy resides in the fallout of the last financial crisis.
15 Sep, 2013, 08.51 AM IST