Tag: Genesis
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 [...]
Federal judge gives Genesis 5 days to comply with Terraform Labs subpoena
A United States judge has approved an order requiring Genesis Global entities to produce certain documents in accordance with a subpoena requested by [...]
Genesis Ordered to Comply With Subpoenas Linked to Do Kwon’s Terra Stablecoin TerraUSD
Rakoff is also grappling with how to extract information from Kwon in connection with the case. Kwon’s lawyers have argued he can’t come to the U.S. a [...]
Court approves Genesis settlement of $175M to FTX, expunges billions in claims
A New York bankruptcy judge has approved a settlement between bankrupt cryptocurrency firms FTX and Genesis Global Trading (GGC), allowing FTX-affilia [...]
Gemini Pulled $282M Earn Users’ Funds From Genesis Last Year to Protect Customers
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and informatio [...]
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 [...]
Genesis announces winding down of crypto trading services
Crypto lending firm Genesis, a subsidiary of Digital Currency Group (DCG), will stop offering spot and derivatives trading for crypto assets through i [...]
Genesis Has Ceased All Crypto Trading Services: Spokesperson
"Genesis has decided to stop offering digital asset spot and derivatives trading through GGC International, Ltd. (GGCI)," the statement reads. "This d [...]
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 [...]
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 [...]
US-based Genesis Global Trading will eliminate its crypto spot trading service
Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with t [...]
Genesis Global Trading to Shutter Crypto Spot Trading Desk
GGT was one of a handful of Genesis-linked companies that escaped the conglomerate’s crypto lending-induced bankruptcy earlier this year. Another trad [...]
Genesis’ $175M FTX Settlement Opposed by Creditors, Including Gemini
“[Genesis], by entering into the Proposed Settlement, have sought to buy the support of the FTX Debtors, and their votes,” said a Thursday filing by a [...]