Bitcoin Cash evangelist Roger Ver said on Jan. 25 that he can afford to pay money that he allegedly owes to Genesis, but that he may not need to do so. On Monday, a subsidiary of Genesis summoned Ver ...
Tag: Genesis
‘Bitcoin Jesus’ refuses to pay the $12m he owes Genesis – Cryptopolitan
In a Reddit post yesterday, Roger Ver, a popular Bitcoin advocate, affirmed that he has “sufficient funds” to repay the now-bankrupt crypto broker Genesis the $21 million he allegedly owed. However, V...
Bitcoin Cash Backer Roger Ver Sued for $20,000,000 by Bankrupt Crypto Broker Genesis
Bitcoin Cash (BCH) advocate and veteran of the crypto space Roger Ver is being sued by bankrupt lender Genesis for allegedly failing to settle options trades. According to a filing at the New York Sta...
‘Bitcoin Jesus’ Roger Ver Says He Doesn’t Have to Pay the $21M He Owes Genesis
Bitcoin evangelist Roger Ver said in a Reddit post yesterday that he has “sufficient funds” to pay now-bankrupt crypto broker Genesis the $21 million he owes, but argued that he doesn’t have to. “I ha...
Find Why Genesis Wants $20.9 M from ‘Bitcoin Jesus’?
After the collapse of FTX in late 2022, Genesis’s crypto lending businesses filed for bankruptcy protection in New York last week. It reportedly suffered losses of several hundred million dollars due ...
Embattled Crypto Broker Genesis Aiming To Come Back From Bankruptcy in Coming Months: Report
Troubled crypto lender Genesis is reportedly confident that it could emerge from its bankruptcy proceedings in just a few months. According to a new report by Reuters, Sean O’Neal, an attorney for Gen...
Bitcoin.com CEO Roger Ver says he has funds to pay almost $21 million to Genesis
Bitcoin.com CEO Roger Ver, also known as “bitcoin Jesus,” says he has enough funds to pay Genesis after its affiliate GGC International Limited said he failed to settle nearly $21 million in cry...
“Bitcoin Jesus” Roger Ver Owes Genesis $20M
Key Takeaways Genesis has issued a summons to Roger Ver for failing to settle over $20 million in crypto options. Ver was accused by CoinFLEX of defaulting on a $47 million obligation last June. Genes...
Genesis Coin Inc Acquired By Bitstop Founders
Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers Andrew Barnard and Doug Carrillo. Founded in...
Genesis Bankruptcy Lawyers Expect Rapid Exit After First Hearing
Speaking at the company’s first bankruptcy hearing, Genesis Holdco LLC‘s lawyer Sean O’Neal said the crypto lender can exit bankruptcy by the second week of May 2023. On Jan. 24, 2023, O’Neal said he ...
Genesis Lawyers Hopeful Of Swift Resolution In Bankruptcy Process
Join Our Telegram channel to stay up to date on breaking news coverage Genesis Global Capital has been the latest casualty of the effects of the crypto bear market. The crypto lender recently filed fo...
Ripple Rival Stellar Has $13M+ Exposure to Bankrupt Genesis
The exposure was recently revealed through Genesis’ bankruptcy filing. The Stellar Development Foundation, a non-profit organization launched by Ex Ripple’s co-founder Jed McCaleb, has an exposure of ...
DCG’s subsidiary Genesis Capital slapped with new class
A new class action lawsuit has been filed against the cryptocurrency corporation Digital Currency Group (DCG), making the company’s legal woes even more numerous. The claim was filed against DCG...
BAT Price Caught up in the Genesis Tsunami — Can it survive?
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Genesis eyes fast resolution to creditor disputes and bankruptcy exit in May
A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May. G...
Genesis Could Be Out of Bankruptcy in May 2023: Quickly Resolving Creditor Disputes
Genesis filed for Chapter 11, Bankruptcy, on January 19, 2023. Citing FTX collapse, they had halted withdrawals since November 2022. With assets in hand, they are positive about solving the creditor ...
Genesis Lawyer Has ‘Some Measure of Confidence’ in Creditor Resolution This Week
Sean O’Neal, a lawyer representing the bankrupt crypto broker Genesis, said there’s “some measure of confidence” the firm would resolve its disputes with creditors this week, per a Reuters...
Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders
Miami, Florida, 24th January, 2023, Chainwire Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers...
Genesis’ attorney hopes to departure from bankruptcy in May
A lawyer representing Genesis is hopeful of settling problems with creditors by the end of the week. The company may emerge from bankruptcy procedures in around four months. According to a report by R...
Genesis Coin Inc, Powering 35% of Global Bitcoin ATM Transactions, Acquired by Bitstop Founders – Cryptopolitan
Miami, Florida, 24th January, 2023, Chainwire Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by early Bitcoin ATM pioneers...
Genesis Believes Creditor Disputes Can Be Resolved This Week: Report
One of the latest big names in crypto to go under, Genesis, filed for bankruptcy on the 20th of January. However, unlike other high-profile cases, the company’s asset book doesn’t look that bad. In fa...
The Crypto Trading Arm of Genesis Is Moving Money Around
Genesis, a crypto-lending business went to Bankruptcy court protection on Thursday, the firm’s trading arm, which was all-time out of Chapter 11, is even now moving funds over on blockchains, an indic...
Over 50% of Genesis portfolio is ETH
Out of the over $414m of Genesis portfolio assets, 74% are ethereum (ETH) and ERC-20 tokens, on-chain data from Jan. 23 shows. Genesis assets According to the data, 51.4% of Genesis’ assets are ETH, w...
Genesis Bankruptcy Case Scheduled for First Hearing on January 23rd
The bankruptcy hearing for embattled crypto lender Genesis commences today at a New York Southern District court. According to court filings, the first hearing for the bankruptcy case of crypto lende...
Gemini lays off 10% of its staff amid Genesis and DCG lending crisis
Crypto exchange Gemini laid off 10% of its staff, The Information reported, citing a message that was sent to employees on Monday. Poor macroeconomic conditions and “unprecedented fraud...
Bankrupt Crypto Lender Genesis Owes Over $3,800,000,000 to Firm’s Largest 50 Creditors
New documents reveal that embattled crypto lender Genesis owes billions of dollars to its 50 largest creditors. In recent voluntary bankruptcy filings, the crypto firm divulges that it owes $3.8 billi...