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. ...
20 Mar, 2024, 05.13 PM IST
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 ...
29 Feb, 2024, 04.16 PM IST
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...
15 Feb, 2024, 03.03 PM IST
Crypto exchange Gemini says bankrupt Genesis moves to authorise sale of trust assetsThe motion filed by Genesis late on Friday seeks authority for Gemini to monetise the initial collateral of 30,905,782 shares of Grayscale ...
04 Feb, 2024, 11.30 AM IST
Crypto firm Genesis Global Trading to pay $8 million penalty, surrender NY licenseGenesis - a cryptocurrency market-maker and brokerage firm - failed to maintain an effective compliance program for anti-money laundering a...
12 Jan, 2024, 09.38 PM IST
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
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 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...
02 Sep, 2023, 01.25 PM IST
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...
29 Aug, 2023, 02.45 PM IST
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...
17 Aug, 2023, 10.10 PM IST
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...
25 Apr, 2023, 07.03 PM 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 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 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...
20 Jan, 2023, 09.59 PM IST
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 ...
20 Jan, 2023, 11.10 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