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
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...
07 Sep, 2023, 11.52 AM 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
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
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
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
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...
13 Jan, 2023, 01.59 PM IST
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...
03 Dec, 2022, 07.52 PM IST
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...
30 Nov, 2022, 10.59 AM IST