Tag: DCG
Genesis Global Capital Files for Over $600M in Unpaid DCG Loans: Court Docs
Genesis Global Capital, a subsidiary of Digital Currency Group, filed in court for DCG to repay outstanding loans in excess of $600 million on Wednesd [...]
Genesis lenders call DCG agreement ‘wholly insufficient’
The lenders of the bankrupt cryptocurrency lender Genesis are not satisfied with the latest in-principle settlement agreement with other parties inclu [...]
Genesis Creditor Group Opposes ‘Wholly Insufficient’ DCG Deal
“DCG’s contribution to the estate in satisfaction of creditor claims is wholly insufficient to satisfy even the uncontested loan amounts due, let alon [...]
DCG agrees deal with Genesis that would see recoveries of up to 90%
Digital Currency Group (DCG), a major venture capital firm in the cryptocurrency industry, has reached an in-principle agreement with creditors of its [...]
DCG Reaches in Principle Deal With Genesis Creditors
To satisfy DCG's existing liabilities of approximately $630 million in unsecured loans due in May 2023 and $1.1 billion under an unsecured promissory [...]
Barry Silbert’s DCG Seeks to Dismiss Fraud Claims From Cameron and Tyler Winklevoss’ Gemini
DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss, [...]
DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon
The Genesis lending business froze withdrawals last year in the aftermath of FTX's collapse, which, among other things, affected customers of a lendin [...]
Bankrupt Crypto Lender Genesis Amends Chapter 11 Plan as Mediated Talks With DCG Continue
The updated reorganization plan “reflects substantial agreement on certain key issues,” the filing said, but added that Genesis, its creditors and oth [...]
DCG asks judge to consolidate class-action suits to avoid conflicting decisions
Venture capital firm the Digital Currency Group (DCG) and its CEO Barry Silbert have requested to consolidate two class-action lawsuits over alleged l [...]
Digital Currency Group (DCG) is Closing Down TradeBlock
Digital Currency Group (DCG), the parent company of CoinDesk is closing down its trade execution and prime brokerage services unit, TradeBlock, citing [...]
Digital Currency Group (DCG) Closing Institutional Trading Platform TradeBlock
The shutdown of the unit, which provides trading services to institutional investors, will be effective as of May 31, a DCG spokesperson told CoinDesk [...]
Gemini Says Genesis Parent DCG Missed $630 Million Payment
Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.
www.coindesk.com [...]
DCG settlement with Genesis still undecided as 30-day mediation period proceeds
Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations [...]
DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital
The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments.
www.coindesk.com [...]
Genesis settlement disrupted by new creditor demands, DCG says
Troubled digital currency company Genesis Capital saw its settlement disrupted by creditors in two months after the initial agreement, raising concern [...]