Tag: Genesis
FTX and Genesis Reach Agreement in Ongoing Bankruptcy Dispute
Genesis had emerged as the largest unsecured creditor of FTX and its affiliated companies, with $226.3 million owed, according to a January court fili [...]
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program
United States-based cryptocurrency exchange Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO Barry [...]
Crypto Exchange Gemini’s Cameron Winklevoss Tweets $1.5B ‘Final Offer’ in Debt Talks for Bankrupt Genesis
Cameron Winklevoss, co-founder of the Gemini crypto exchange, tweeted what he described as a "final offer" in the debt-restructuring talks over the ba [...]
Michael Moro, Genesis’ Former CEO, to Head Ankex Startup Crypto Derivatives Exchange
“In terms of leverage, we don’t want this to turn into a full blown leverage casino. So for Bitcoin, the max leverage we are offering is 20x, and then [...]
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 [...]
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
www.coindesk.com [...]
Three Arrows Capital Demands to Take Part in Genesis Bankruptcy Mediation
On Jan. 20, the three affiliated companies Genesis Global Holdco LLC, Genesis Asia Pacific Pte. Ltd and Genesis Global Capital LLC filed for bankruptc [...]
FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’
Just a month after bankrupt cryptocurrency exchange FTX was seeking $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a cl [...]
Gemini and Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn, MDALA
"As alleged in the complaint, Genesis then exercised its discretion in how to use investors’ crypto assets to generate revenue and pay interest to Gem [...]
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 [...]
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin I [...]
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing
Crypto lender Genesis and its key creditor group have agreed to a 30-day mediation process in an attempt to move forward with a final restructuring pl [...]
Genesis Bankruptcy Parties Agree to a 30-Day Mediation Period
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