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CRYPTO FIRM GENESIS
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. ...- 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 ...
- 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...
- 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...
- FTX-tied Alameda gets $175 million claim on Genesis bankruptcy estateThe settlement marks a significant reduction from the nearly $3.9 billion claim that FTX, which is also bankrupt, had asserted earlier this...
- 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 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.
- 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 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...
- 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 ...
- US securities regulator charges Genesis, Gemini with unregistered offeringsGenesis, a part of Digital Currency Group, entered into a deal with Gemini in December 2020 to offer Gemini customers the chance to loan th...
- 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 ...
- 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...
- 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 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...
- 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...
- 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...
- Crypto broker Genesis taps insider as interim chief, cuts jobs by 20%Islim is replacing Michael Moro, who is stepping away from the CEO role effective Wednesday, the company said.
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