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GENESIS CREDITORS DEAL
Social security for gig workers; WazirX’s legal mazeThe government is exploring avenues to ensure social security for gig workers. This and more in today's ETtech Top 5.- The hot new market in crypto? Trading FTX's carcassThe initial despair over FTX's failure has given way to a strange afterlife for the bankrupt exchange: a trading frenzy that has intensifie...
- 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 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...
- Bankrupt crypto lender Voyager Digital predicts 35% customer payoutCryptocurrency lender Voyager Digital said Wednesday that customers will soon recover about 35% of their cryptocurrency deposits as the com...
- 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...
- 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...
- 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...
- 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...
- 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...
- Corporate buzz: This billionaire lot is in Covid ward; Mumbai family pre-orders LVMH gold-studded face shield; broke banker forced to relocate to Malabar Hill flatTill very recently, the family of this brassy banker used to live in a sprawling sea-facing apartment.
- Stocks in the news: DHFL, CCD, SBI, Parsvnath, Spandana Sphoorty and Sun PharmaM&M has retrenched 1,500 temp workers since April and decided to defer 15-20% of investment plans.
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