Troubled crypto trading and lending firm Genesis owes its creditors at least $1.8 billion, CoinDesk reported Sunday. The Financial Times first reported on Saturday that Genesis owes customers of...
Tag: Genesis
Genesis Creditor Groups’ Loans Amount to $1.8B and Counting: Sources
The Proskauer group takes the tally to $1.8 billion, with more to come in the form of a third ad hoc group being represented by Kirkland & Ellis, the law firm representing bankrupt crypto firms Ce...
Genesis Owes Crypto Exchange Gemini Clients $900M
Crypto lender Genesis owes US-based crypto exchange Gemini customers $900 million, according to a December 3 Financial Times report. The report revealed that Gemini had formed a creditor committee to ...
Genesis Owes Gemini Earn Users $900M: Report
Embattled crypto broker Genesis and its parent company Digital Currency Group (DCG) owe users of Gemini Earn $900 million, the Financial Times reported on Saturday, citing anonymous sources. Gemini ha...
Alameda Research Injected Capital of $1.15B in Genesis Digital Assets
9 seconds ago | 2 mins read Defi News Released documents shows that in less than nine months, $1.15B was injected. Genesis Digital is a leading Bitcoin mining business in the United States. Bankrupt F...
Genesis Reportedly Owes Whopping $900M to Gemini Users
27 mins ago | 2 mins read Defi News Reportedly, Gemini has established a creditor’s committee seeking to recover funds. The problem originated with the shocking FTX crash in November. According to a D...
Alameda Research invested $1.15B in crypto miner Genesis Digital: Report
Crypto mining company Genesis Digital Assets was the biggest venture investment made by Alameda Research, FTX’s sister company and in the center of the exchange’s bankruptcy. Documents dis...
Crypto lender Genesis owes Gemini crypto exchange customers $900M
Major crypto lender Genesis Trading and its parent company Digital Currency Group (DCG) owe users of cryptocurrency exchange Gemini $900 million. Financial Times reported on Dec. 3, 2022, that users o...
Crypto lender Genesis owes nearly $1B to Gemini’s customers
According to a story that was made public by the Financial Times on December 3 and cited persons with knowledge of the matter, cryptocurrency lender Genesis and its parent firm, Digital Currency Group...
Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets – Bitcoin News
According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting ...
Crypto lender Genesis allegedly owes $900M to Gemini’s clients: Report
Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini’s clients, according to a Financial Times report disclosed on Dec. 3 citing people...
Alameda/FTX invested heavily in Bitcoin miner Genesis Digital
At the peak of the collapse of the world’s former second-largest cryptocurrency exchange FTX, the disgraced founder, Sam Bankman-Fried, placed his biggest bet with the Bitcoin mining business Genesis ...
The Block: Genesis owes $900 million to Gemini customers: Financial Times
Crypto brokerage Genesis owes $900 million to customers of Gemini, the crypto exchange run by Tyler and Cameron Winklevoss. Parent company Digital Currency Group (DCG), along with Genesis, owes...
Breaking: Gemini Exchange Owed Nearly $1 Billion By Genesis, DCG
Gemini Genesis News: Crypto exchange Gemini appears to be the latest victim of the contagion from FTX collapse, followed by adverse effects for BlockFi, Genesis and the Digital Currency Group (DCG). E...
Alameda invested $1.15 billion into crypto miner Genesis: Bloomberg
Alameda Research, the trading firm closely related to embattled exchange FTX, invested $1.15 billion into crypto miner Genesis Digital Assets. This was Alameda’s and FTX’s biggest v...
Crypto Trading Firm Genesis In Search of LifeJacket Amid FTX Contagion
Genesis in Talks Prominent American Crypto brokerage company Genesis is opting to avoid a ‘bank run’ situation after the firm’s creditors are consulting lawyers to avoid insolvency. As per anonymous...
Genesis Bankruptcy Avoidance Leads to Restructuring
Genesis Global Capital reportedly seeking the possible ways to avoid the looming potential bankruptcy. The firm got severely affected following the bankruptcy filing of Sam Bankman-Fried’s FTX. The Ba...
$1 billion loan for crypto broker Genesis
Genesis, one of the most prominent crypto lenders, says it is trying to avoid bankruptcy, following the difficulties triggered by the collapse of FTX, of which it was a major victim. That is why in t...
Bitcoin IRA deposits at Genesis could leave retirees broke
Genesis Trading is struggling to raise new capital and warned of a possible restructuring in the wake of the FTX bankruptcy. It has frozen retirement funds held by Bitcoin IRA customers. Genesis recen...
Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy
For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save the crypto brokerage from sin...
Tether Remains Far-Far Away From Genesis Contagion
After the collapse of FTX and the halt of withdrawals, Genesis Global Trading has mentioned bankruptcy as a potential option. Tether has confirmed that it has no exposure to Genesis and Gemini Earn. U...
Gemini Crypto Pauses Withdrawals, Fallout Continues From FTX Collapse
| Getty Images Key takeaways The Gemini exchange had to pause withdrawals after the FTX collapse caused a ripple effect on the cryptocurrency space. Investors fear that Genesis, the lending partner of...
Genesis Crypto Brokerage Scrambles to Keep Bankruptcy at Bay
Embattled crypto brokerage Genesis is pulling out all the stops and exploring all options it has to keep the bankruptcy lawyers at bay. Creditors are joining forces with liquidation and restructuring ...
Genesis creditors organize in bid to forestall bankruptcy move: Bloomberg
Crypto firm Genesis Global Capital warned last week about a possible bankruptcy filing, and now some of its creditors are pursuing options in order to prevent such a move. Law firms Proskauer Ro...
This Week on Crypto Twitter: Genesis in the Spotlight as FTX Shockwaves Subside
Judging by the glass-half-full price action this week, the worst of the damage from FTX’s historic collapse may be behind us—but this being crypto, nothing is certain. This week, heads turned towards...
BlockFi Bankruptcy In The Latest FTX Casualty
(Photo by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Key takeaways Crypto platform BlockFi has filed for Chapter 11 Bankruptcy in New Jersey, citing exposure to FTX as a major...
Genesis Bankruptcy By EOY At 59%; Bitcoin Investors Pivot
A possible Chapter 11 bankruptcy of Genesis Trading and parent company DCG is still depressing the sentiment on the Bitcoin market. Genesis last commented on Twitter on November 16. Parent company DCG...
Crypto world: even Genesis under investigation
Genesis Global Capital, lender of the Genesis Trading platform, like many companies in the crypto world has been affected by the aftermath of the FTX bankruptcy and is now under investigation. Being ...
U.S. state regulators investigating Genesis – crypto.news
State securities regulators are investigating Genesis Global Capital as part of a wide-ranging inquiry into the interconnectedness of crypto firms, Genesis’ connection to retail investors and whether ...
Genesis Global Capital Under Scrutiny By US State Regulators
Crypto trading firm Genesis, a renowned crypto lender and lists among the top lenders in the world, is reportedly under the lens of regulators in the state of Alabama and other U.S. states. The state ...