“Under the settlement, DCG would contribute that entity, [Genesis Global Trading], to [Genesis Global Holdco] … that will happen on the effective date,” O’Neal said. “In ...
Tag: Genesis
DCG and Genesis reach initial deal to restructure plan with creditors
The Digital Currency Group and Genesis have reached an initial deal with a group of the firm’s main creditors. The agreement involves selling Genesis’ bankrupt entities and refinancing outstanding lo...
Genesis creditors to expect 80% recovery under proposed restructuring plan
A Genesis creditor has revealed the new proposed restructuring plan between Genesis, Digital Currency Group and creditors will see creditors getting back at least 80% of their funds. On Feb. 6, Genes...
Genesis and Gemini Reach Agreement in Principle
Key Takeaways Genesis, Digital Currency Group, and Gemini announced yesterday they had reached an agreement in principle. The restructuring plan involves Genesis Global Trading being brought under Gen...
Digital Currency Group (DCG) And Genesis Reach Initial Deal With Creditors
– Advertisement – The Digital Currency Group (DCG) and Genesis have reached an in-principle agreement with the conglomerate’s main creditors. The deal involves the sale of bankrupt Genesi...
Gemini, Genesis Reach $100 Million Agreement Over Earn Program
Gemini Earn users are a step closer to recovering their money with an agreement announced today between US cryptocurrency exchange Gemini, Genesis Global Capital, LLC (Genesis), and Digital Currency G...
Gemini to contribute $100 million to Genesis bankruptcy recovery plan
Cameron and Tyler Winklevoss. Adam Jeffery | CNBC Crypto exchange Gemini will contribute up to $100 million in cash, earmarked for its customers, as part of an agreement with bankrupt Genesis Global C...
Genesis and DCG close “agreement in principle” to help the crypto lending company
According to a CoinDesk report, crypto lending company Genesis and its parent company, Digital Currency Group (DCG), are moving forward with the former’s bankruptcy process. In this regard, the ...
Gemini to pump $100 million into Genesis for its bankruptcy recovery
Earn users have seen a fall that no one expected. Their holdings are stuck with withdrawals halted by – now a bankrupt venture – Genesis. Gemini appears to be coming to the rescue of the Earn users by...
Relief As Gemini, Genesis, And DCG Reach Agreement Over Assets
Gemini Earn users heaved a collective sigh of relief as Gemini, Genesis Global Capital (Genesis), and Digital Currency Group reached an agreement over the Earn Program. Digital Currency Group will al...
Genesis Bankruptcy Restructuring Advances with DCG’s Plan to Sell Trading Division
Digital Currency Group (DCG) and its subsidiary Genesis have reached an agreement with a key group of creditors over the restructuring of its crypto trading business and lending arm, which filed for b...
Crypto Lender Genesis Reaches Principle Agreement with DCG
On Feb. 6, Genesis announced that it has arrived at a global resolution that will “maximize value” for all Genesis clients and stakeholders. The in principle agreement is with its parent company DCG a...
DCG Creditors Bail Genesis Out of Possible Bankruptcy
Digital Currency Group (DCG) appears to have avoided possible bankruptcy as its sister firms, and Genesis subsidiaries, have reached an agreement with creditors to avoid going under. Digital Currency ...
Genesis, Gemini and DCG reach agreement in bankruptcy court
Genesis, its parent Digital Currency Group, Gemini and other creditors have reached a bankruptcy agreement to recover assets. Sean O’Neal, a lawyer representing the debtors, said the sides agre...
DCG And Genesis Close Initial Agreement With Creditors
Per a report from CoinDesk, crypto lending firm Genesis and its parent company Digital Currency Group (DCG) are moving forward with the former’s bankruptcy process. The companies reached a “principle ...
DCG and Genesis branches agree on a restructuring plan: CoinDesk
Digital Currency Group and Genesis subsidiaries have reached an initial agreement on a restructuring plan with a group of the firm’s main creditors, according to CoinDesk. This comes after Gene...
Committee Appointed to Represent Unsecured Creditors in Genesis Global bankruptcy
According to documents filed with the court on February 4, a committee consisting of seven members has been constituted to represent the interests of unsecured creditors in the bankruptcy case involvi...
Genesis unsecured creditors’ committee appointed
A seven-member committee has been appointed to represent the interests of unsecured creditors in the Genesis Global bankruptcy case, according to court filings on Feb. 4. The committee will represent...
Bankrupt Genesis unsecured creditors’ committee formed – Cryptopolitan
In recent events, a seven-member committee has been appointed to represent the interests of unsecured creditors in the Genesis Global bankruptcy case, according to court filings on Feb. 4. The committ...
Seven-member committee to represent creditors formed in Genesis Global’s bankruptcy case
A seven-member committee to represent unsecured creditors has been established in the U.S. bankruptcy case of Genesis Global. The unsecured creditor committee will serve as a voice for creditors...
Genesis creditors are starting to bail on bankrupt lender
Some Genesis creditors are deciding that it’s time to take the money and run — even if all they’re able to get is a fraction of what they paid into the bankrupt lender. Earlier this week, Stephen Soko...
Gemini Vows Legal Action Against Genesis’ Parent Company amidst Bankruptcy Filing ⋆ ZyCrypto
Advertisement     Investors are blaming Gemini for the failed joint Earn Program with Genesis. On the other hand, the SEC is accusing both firms of flaunting securitie...
Genesis Capital’s fall might transform crypto lending — not bury it
Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the de...
NFT Collection MonsterBuds Genesis Price, Stats, and Review
The MonsterBuds Genesis Collection consists of 10,420 Generation 1 MonsterBuds and 865 Puff Puff Passes. Generation 1 MonsterBuds are the key to earning in our play-and-earn Smoke Sessions game and ar...
Will Genesis Bankruptcy Transform Crypto Lending Business?
Genesis Global Capital, one of the industry’s leading crypto lenders, filed for bankruptcy protection on January 19, 2023. Digital Currency Group wholly owns the Crypto lending firm. The crypto lende...
Is Genesis Bankruptcy Troubling GrayScale?
Grayscale is one of the world’s largest crypto Assets managers and is headquartered in the United States. The digitally-native company is owned by Digital Currency Group(DCG), the parent company also ...
Bitcoin Cash’s Ver Has $20 Million Owed To Genesis, But There’s A Twist
Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin Cash promoter Roger Ver says that while he can afford to pay money that he allegedly owes to Genesis unit GGC Internation...
Will Grayscale Follow the Genesis Bankruptcy Path?
Grayscale is one of the largest digital asset managers in the world. Grayscale is owned by Digital Currency Group(DCG), which also manages the operation of crypto lender Genesis, which recently filed ...
Roger Ver Says He Won’t Pay Genesis $20M For Bad Trades
Bitcoin Cash proponent Roger Ver is once again feuding with an embattled crypto company over bad trades worth millions of dollars — this time, it’s a subsidiary of bankrupt lender Genesis. Genesis sub...
Roger Ver Breaks Silence on Genesis Lawsuit, Claims He Has Sufficient Funds to Pay
Early Bitcoin adopter and executive chair of Bitcoin.com, Roger Ver, said he has “sufficient funds” to pay Genesis Global after being hit by a lawsuit by the now-bankrupt crypto broker’s unit – GGC In...
Find Here What Roger Ver Said Regarding Genesis
An early investor in Bitcoin-related startups, Roger Ver, claimed that he can afford to pay Genesis $20 Million but insolvency changes agreement. Ver also claimed that his agreement required the firm ...