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
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 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
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
FTX sues ex-Clinton aide's investment firm K5 Global for $700 millionFTX said its founder Sam Bankman-Fried was a "profligate patron" who showered Michael Kives, his firm K5 Global, and K5 co-founder Bryan Ba...
23 Jun, 2023, 04.14 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
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
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
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
L Capital remains committed to investment in Genesis: Sanjay KapoorGenesis Luxury founder and MD Sanjay Kapoor says the luxury retailer has resolved its conflict with LVMH Group-owned private equity firm L ...
19 Feb, 2014, 11.52 AM IST
Sahara in talks to buy stake in Genesis LuxurySahara stepped into the fray after Genesis sought an exit for financial investor L Capital, which owns a 42% stake in the company.
01 Nov, 2013, 11.21 AM IST