On Monday, Kaplan Fox & Kilsheimer LLP, a leading national law firm, activated a full-scale investigation against Genesis global capital and Gemini Trust Company, LLC; the firm is investigating po...
Tag: Genesis
Genesis Moves $27 Million ETH – Trustnodes
Close to 23,000 eth moved to a new address earlier today for the first time in four years with it apparently originating from Genesis. “2 Dormant addresses transferred 22,982 $ETH (~27.2M) to 2 fresh ...
Massive Dormant Ethereum Linked To Genesis And Poloniex Moved, Selloff Incoming?
While FUD related to Genesis and Barry Sibert’s DCG continues to rise, large amounts of dormant Ethereum linked to Genesis and Poloniex were moved in the last 24 hours. The dormant addresses transferr...
Gemini Forms Creditors Committee With Houlihan Lokey to Resolve Genesis Liquidity Issues – Bitcoin News
Roughly two weeks ago a report from the Financial Times (FT) claimed Genesis Global Capital owed $900 million to Gemini customers and the publication’s sources noted that the exchange was attempting t...
Genesis Claims Are Selling for 35p to the Dollar – Trustnodes
A seemingly coordinated sell-off this Saturday in assets held by the Digital Currency Group (DCG), like Filecoin and Flow, has apparently opened a ‘dark market’ where Genesis claims are being traded. ...
Crypto exchange Bitvavo owed up to $300M by Genesis
Listen to this article. European crypto exchange Bitvavo is part of the so-called creditors’ committee that is trying to wrestle more than $1.8 billion back from Barry Silbert’s Genesis Trading and it...
US DoJ names Genesis in FTX creditors committee
Crypto lending platform Genesis, along with popular crypto market maker Wintermute and others, will form the FTX creditors committee. Genesis and other FTX victims form the bankruptcy committee A cour...
Crypto exchange Bitvavo chasing $500M from Genesis, sources
European crypto exchange Bitvavo is part of the so-called creditors’ committee that is trying to wrestle more than $1.8 billion back from Barry Silbert’s Genesis Trading and its parent company, Digita...
Concord Opens Up About Acquiring Genesis & Phil Collins’ Music Rights: ‘Our Reputation Is Good’
TORONTO, ON – SEPTEMBER 05: (L-R) Musicians Mike Rutherford, Phil Collins and Tony Banks pose … [+] before talking about their band Genesis during a press conference before the dress rehea...
QCP Capital Founder Sees Crypto Industry’s Immediate Future Tied to Genesis Debacle, Expects Rebound in 2024
Ether followed a similar pattern to bitcoin, falling earlier in the day before rebounding. The second-largest crypto by market value was recently changing hands at about $1,275, a small gain from Sund...
FTX Collapse May Lead Crypto Brokerage Genesis to Go Bankrupt
18 seconds ago | 2 mins read Market News Crypto lending Genesis is expected to file for bankruptcy. The collapse of FTX and Alameda had a great impact on Genesis. Drawdowns of loans can prevent Gene...
Genesis liquidation could force DCG bankruptcy
Haseeb Qureshi, the Managing Partner at Dragonfly Capital, discussed the potential consequences of Genesis going into liquidation on a recent episode of Unchained’s “The Chopping Block.” 1/ On a recen...
The Papercuts’ Genesis – The Cryptonomist
Born as an almost automatic response to an urge to draw, to keep his artistic flow going even while at work, the Papercuts series became a carefully calibrated exploration of optical aesthetics and th...
Genesis Block customer funds sent directly to Alameda accounts before FTX fall out
There is data to suggest that the customer funds sent to Genesis Block were processed and received by Alameda, according to emerging reports from Mike Burgersburg of Dirty Bubble Media. Burgersburg re...
Upcoming Game Kiraverse Sells Out Kira Genesis Collection Raking in $1.5M+
The sell-out of the Kira Genesis Collection is an indication of the high level of interest and demand for these unique assets. On November 12th, Kiraverse, an upcoming multiplayer game being built by ...
Near-bankrupt Genesis ‘is working’ to preserve clients’ assets
To strengthen liquidity, striving crypto exchange Genesis has announced ongoing work to preserve client assets. It might take weeks to come up with a plan. After locking up customers’ funds for about ...
Do Kwon asks if Genesis had provided $1B for SBF to attack UST
Terra founder Do Kwon questioned if Genesis Trading provided $1 billion UST to Sam Bankman-Fried and Alameda as “ammo for a peg attack.” I think the time has come for @GenesisTrading to reveal if they...
Genesis Investors Are In For a Long Wait For Their Funds
Join Our Telegram channel to stay up to date on breaking news coverage Back on November 11th, major cryptocurrency exchange FTX filed for bankruptcy, officially revealing its collapse to the rest of t...
Terra Do Kwon Explains How SBF And Genesis Led Terra-LUNA Crisis
Terra co-founder Do Kwon on Thursday blamed former FTX CEO Sam Bankman-Fried and Genesis for the Terra-LUNA crisis. He strongly believes that Genesis Trading provided $1 billion in TerraUSD (UST) stab...
SBF And Genesis Led Terra-LUNA Crisis?
Crypto News Today Live Updates December and Latest News: (8 December 2022) The global cryptocurrency market registered a decline over the past day as the Biggest digital assets like Bitcoin and Ethere...
Terra Founder Accuses SBF Of Attacking UST Peg With $1B UST From Genesis
– Advertisement – Terra Founder Accuses SBF Of Attacking UST Peg As FTX CEO Faces Market Manipulation Investigations. TFL founder Do Kwon, emboldened by a New York Times article, has mad...
Genesis Withdrawal Halt Could Stretch To ‘Several Weeks’
Genesis Withdrawal Updates: Amid difficult circumstances around liquidity crisis, Genesis trading issued a statement to its customers with an update on Wednesday. In an email to Genesis customers, the...
Genesis Withdrawal Freeze Has No Imminent Solutions, Says Interim CEO
A letter from Genesis Interim CEO Derar Islim to customers on Wednesday suggested that the firm’s withdrawal freeze likely won’t be resolved for “weeks” to come. The letter, first viewed by CoinDesk,...
Genesis Creditor Loans Near $2B, Crypto Daily TV 6/12/2022
In Todays Headline TV CryptoDaily News: Crypto Lender Nexo To Quit United States UK-based crypto lender Nexo said on Monday it would phase out its U.S. products and services over the coming months due...
Genesis on Death Scale as Creditors’ Loans Surpass $1.8B!
Genesis at the verge of extinction. The creditors loan amount surpasses $1.8 Billion. Gemini alone accounts to have lent $900 million to Genesis. The aftermath of the fall of the FTX crypto exchange ...
Troubled Crypto Firm Genesis Owes Gemini’s Customers $900 Million (Report)
The cryptocurrency brokerage platform – Genesis – and its parent company Digital Currency Group (DCG), reportedly owe customers of Gemini approximately $900 million. Genesis has been coping with seve...
Genesis: the huge debt of the crypto lender
Genesis is once again in the spotlight of the media, the crypto lender apparently owes Gemini’s clients about $900 million. Crypto exchange Genesis, along with its subsidiary Digital Currency Group (D...
Another Genesis Creditor Group’s Loans Amount To $1.8B
The Proskauer Rose law firm has presented the number as being $1.8 billion. There is a certainty that this is not the final number. The number would increase through the ad hoc group, which is now rep...
Crypto Winter Unwind Still Has Legs To Run And Run
Bitcoin crypto currency bull market getty Are there any perma-bulls left in crypto? There don’t seem to be many left so I must admit to wanting to buy bitcoin now, but I am not going to because there ...
Digital Asset Lender Genesis Owes $900,000,000 to Customers of Crypto Exchange Gemini: Report
Crypto lender Genesis reportedly owes nearly $1 billion to the customers of crypto exchange Gemini due to the collapse of FTX. According to a new report by the Financial Times, anonymous sources famil...
As Genesis and Gemini Struggle, Are whales
The crypto market has been pumping for the last two weeks, but the risks associated from Genesis and Gemini halting withdrawals remains. Is the pump exit liquidity for whales? Bitcoin, the leading cry...