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
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
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
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 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 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
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 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 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
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
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.
17 Aug, 2022, 10.53 PM IST