3 / 5 Relevant items tagged with #Genesis

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Genesis Lender Group Opposes ‘Wholly Insufficient’ DCG Deal

[Aug 30, 2023 3:43 AM] Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.

DCG Reaches Crucial in Principle Deal With Genesis Creditors, Recoveries Could be Upto 90%

[Aug 29, 2023 12:15 AM] Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday.

Shareholder Campaign Fights To Reclaim Customer Bitcoin In Grayscale Lawsuit

[Aug 24, 2023 7:00 AM] IntroductionA group of shareholders of the Grayscale Bitcoin Trust (GBTC) have banded together in the first-of-its-kind activist campaign organized through X (formerly Twitter). Their goal: bringing legal action against Grayscale in an attempt to…

Genesis, FTX Strike Deal for $175M Bankruptcy Claim

[Aug 17, 2023 5:50 AM] Lawyers are trying to untie a complex financial web among companies that went under in the crypto winter.

DCG Says It Sees Resolving Genesis Chapter 11 Bankruptcy Soon

[Jul 31, 2023 11:27 AM] Digital Currency Group comments on the restructuring in an investor letter.

Court Filing Suggests FTX’s $2 Billion Lawsuit Against Genesis Is Coming To An End

[Jul 29, 2023 2:00 PM] The legal tussle between bankrupt crypto exchange FTX and crypto lender Genesis seems to be coming to a resolution, a recent court filing reveals. According to the letter filed yesterday at the US bankruptcy court for the Southern District of New…

Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution 

[Jul 28, 2023 5:30 PM] The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry…

FTX, Genesis reach in-principle agreement to settle bankruptcy case

[Jul 28, 2023 12:01 AM] FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.

FTX and Genesis Reach Agreement in Ongoing Bankruptcy Dispute

[Jul 27, 2023 9:48 PM] Crypto lender Genesis Global Capital is FTX’s largest unsecured creditor, with $226 million in claims.

Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception

[Jul 7, 2023 11:30 AM] After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had…

Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

[Jul 3, 2023 11:07 PM] In an open letter, Cameron Winklevoss slammed DCG's Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.

Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

[Jun 28, 2023 3:30 PM] The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.

Cameron Winklevoss Criticizes SEC Regulatory Approach: ‘Securities Laws Written in 1933 Don’t Meet the Realities of the World Today’

[Jun 17, 2023 1:30 AM] Cameron Winklevoss, a co-founder of Gemini, a U.S.-based cryptocurrency exchange, criticized the U.S. Securities and Exchange Commission’s (SEC) posture regarding cryptocurrency regulation. Winklevoss stated that the SEC laws written in 1933…

Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue

[Jun 13, 2023 9:58 AM] The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues.

Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors

[Jun 5, 2023 3:42 PM] The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.

Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

[Jun 5, 2023 3:25 PM] Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.

Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation

[Jun 5, 2023 2:34 AM] The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.

FTX debtors object Genesis' 'critical' claims estimate of '$0.00'

[Jun 4, 2023 12:27 AM] The FTX debtors alleged that the claim was filed "without any advance notice," and they were not invited to participate in the mediation.

Gemini and Genesis Fight Back Against SEC Lawsuit, Seek Dismissal of Allegations

[May 29, 2023 11:30 AM] Gemini Trust Company and Genesis Global Capital filed a court document on May 26, 2023, seeking the dismissal of a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The regulatory body had accused the two crypto firms of…

Gemini and Bankrupt Lender Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program

[May 29, 2023 4:00 AM] The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini's Earn program.

Gemini Says Genesis Parent DCG Missed $630 Million Payment

[May 21, 2023 11:44 PM] Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.

DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital

[May 9, 2023 7:18 AM] The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments.

FTX seeks to claw back $4B from Genesis in a battle of the bankrupt

[May 3, 2023 5:39 PM] The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.

FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

[May 3, 2023 3:48 PM] Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.

Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing

[Apr 30, 2023 6:29 PM] Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark.

Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization

[Apr 25, 2023 6:55 AM] The move by Genesis creditors comes months after they had appeared to reach an initial agreement with Genesis-owner DCG.

Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus

[Apr 11, 2023 7:00 AM] Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018.

First Mover Americas: Bitcoin Busts Through $26K

[Mar 17, 2023 6:10 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for March 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Genesis Requests Timetable for Sale, Creditor Claims

[Mar 17, 2023 4:07 AM] The company wants to sell off its business after filing for bankruptcy on Jan. 19.

DCG losses top $1B on the back of 3AC collapse in 2022

[Feb 27, 2023 5:55 PM] The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results.