Tag: DCG
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to claw back [...]
Crypto Exchange Bullish Completes Purchase of CoinDesk: WSJ
Bullish, which is run by former New York Stock Exchange (NYSE) President Tom Farley, bought 100% of CoinDesk from crypto-focused investor Digital Curr [...]
Sam Bankman-Fried convicted, PayPal faces SEC subpoena, and other news: Hodler’s Digest, Oct. 19 – Nov. 4
Sam Bankman-Fried is found guilty of fraud, other crimes; PayPal receives subpoena from the U.S. SEC, and In [...]
Genesis’ Updated Liquidation Plan Is a Material Change, U.S. Government Says
“The prior plan provided for the sale of assets of the debtors and a non-debtor affiliate, a discharge of the debtors, and the reorganization of any u [...]
SBF takes the stand, ‘buy Bitcoin’ searches soar and other news: Hodler’s Digest, Oct. 22-28
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Sam Bankman-Fried takes the stand on FTX’s collapse
Sam “SBF” Bankman-Fried testified this week in his ongoi [...]
Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial
Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial
www.coindesk.com [...]
NY sues crypto firms, FTX’s Nishad faces 75 years in jail, and Grayscale…
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Grayscale files for new spot Bitcoin ETF on NYSE Arca
Major cryptocurrency investment firm Grayscale Investm [...]
DCG, Genesis Were the ‘Adults in the Room’ but Didn’t Behave Like It
In crypto, companies are often more intertwined and dependent than you would suspect, and, after a while, all of the schemes that brought down firms l [...]
Gemini, DCG, Genesis Sued by New York Attorney General
New York Attorney General Letitia James today filed a lawsuit against cryptocurrency companies the Gemini Trust Company, trading firm Genesis Global C [...]
Gemini, Genesis, DCG Sued by New York Attorney General for Allegedly Defrauding Investors
New York Attorney General Letitia James today filed a lawsuit against cryptocurrency companies the Gemini Trust Company (Gemini), trading firm Genesis [...]
Gemini legal team accuses DCG of ‘gaslighting’ Genesis creditors
Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global.In a Sept. [...]
Crypto Exchange Gemini Blasts DCG and Genesis Bankruptcy Plan, Calling It ‘Misleading at Best’
Earlier this week, Genesis and its parent company, Digital Currency Group, said more than 230,000 retail creditors who used Gemini’s Earn program stan [...]
Gemini Earn users could recover all funds in new DCG remuneration scheme
Digital Currency Group (DCG) has proposed a new agreement plan for the creditors of the now-bankrupt Genesis Global that would also see Gemini Earn us [...]
Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan
“Depending on how the bankruptcy claim is calculated, the Earn customers are estimated to get between $440 million and $765 million of a claim,” a DCG [...]
Genesis sues parent company DCG, other affiliate for $600M in overdue loans
Bankrupt cryptocurrency lender Genesis Global Capital (GGC) filed two suits on Sept. 6 seeking the repayment of overdue loans from affiliated companie [...]