Tag: Digital Currency Group
Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan
Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim
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DCG, parent of GBTC Sponsor, Reports Q1 Revenue of $229M
In January, Grayscale converted GBTC, which had been in existence as a closed-end fund for over a decade, into a spot ETF, becoming one of ten issuers [...]
DCG Calls Out Genesis’ Settlement With New York as ‘Subversive’
Jason Brown, a former co-chief deputy of the attorney general's office and a former senior federal attorney in New York, backed DCG's objection to the [...]
Digital Currency Group Reports Q4 Revenue of $210M, Up 59% Y/Y (Full Text)
Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.
www.coindesk.com [...]
New York Expands Fraud Case Against Digital Currency Group to $3 Billion
"The fraud and deceit were so expansive that many additional people have come forward to report similar harm," James said in a statement. "This illega [...]
DCG Cannot Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
The carryforwards can be used to decrease Genesis’ federal income tax liability in current and future years, the motion said, adding that could “trans [...]
Barry Silbert’s Digital Currency Group (DCG) Navigated Fallout From 2022’s Crypto Scandals
Since its inception in 2015, DCG, which is based in Stamford, Connecticut, has evolved into a conglomerate with holdings across the blockchain sector [...]
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
The deal would see DCG repay $275 million it owes to Genesis by April.
www.coindesk.com [...]
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 [...]
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