Rumors about Genesis came to an official confirmation as the firm filed for chapter 11 bankruptcy protection on Tuesday. It appears that FTX contagion won’t stop, and Genesis bites the dust. Crypto le...
Tag: Genesis
investors trapped by the collapse of Genesis
Join Our Telegram channel to stay up to date on breaking news coverage Richard constantly tells his mum lies. He advises her not to worry when she inquires about the savings he is handling for her. Th...
Bitcoin Surges Above $22K, Genesis Has Over $5B in Liabilities
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Stellar Foundation Scratched by Genesis Bankruptcy with $13 M Claim
The Stellar Development Foundation, a nonprofit organization founded in 2014 to push development on the Stellar blockchain, was registered with one of the largest creditors of Genesis, the crypto lend...
Genesis bankruptcy case scheduled for first hearing
The first hearing in Genesis Capital’s bankruptcy case will be held on January 23 at 2:00 pm (EST), according to court filings. Judge Sean H. Lane of the United States Bankruptcy Court for the S...
global regulators stepping up their efforts, Genesis Global is bankrupt
Last week saw a notable increase in crypto-focused global regulatory efforts and a corresponding uptick in government interest across the board. The Gemini and DCG case saw some updates, with Genesis ...
Genesis’ crypto lending division declares bankruptcy in the U.S.
Join Our Telegram channel to stay up to date on breaking news coverage After being knocked out of the market along with companies like exchange FTX and lender BlockFi, the lending division of the cryp...
Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy
The Fairfax County Police Officers Retirement System, which is led by Chief Investment Officer Katherine Molnar and which was managing about $1.8 billion as of last summer, has invested in the crypto ...
Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
“Under the terms of our agreement, on November 16, we notified them that we were surrendering our cash collateral and liquidating their crypto to close out the loan,” Cumberland said. R...
Genesis Declares Bankruptcy And More
After months of struggling to stay afloat, Genesis Global has finally filed for Chapter 11 bankruptcy. On the other hand, the new year seems to be heralding a new crypto bull market. Let’s find out mo...
Crypto Lender Genesis Global Capital Is FTX’s Largest Unsecured Creditor
The names and information of most of the other top 50 creditors remain redacted, but the 12th-largest unsecured creditor is listed as Hong Kong-based crypto trading firm Pulsar Global Ltd., with a cla...
Genesis’ Crypto Trading Arm Is Moving Money Around, a Sign of Normalcy Amid Sibling’s Bankruptcy
Even as Genesis’ crypto-lending business entered bankruptcy court protection, the company’s trading arm, which remained out of Chapter 11, is still moving money around on blockchains – a sign the busi...
Bitcoin, Ether Rise Slightly After Genesis’ Chapter 11 Filing
Bitcoin rose 1% to around $21,000 over the past 24 hours after the Genesis bankruptcy news hit the wires. Ether rose 2% to $1,545, CoinDesk data shows. Traders weren’t surprised by bitcoin’s and...
Gemini’s Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy Filing
But things went south in November when Genesis suspended redemptions and new loan originations after making a series of bad loans to crypto firms Three Arrows Capital and FTX, both of which later woun...
Genesis files for bankruptcy, FTX explores a reboot, and Bitzlato…
Top Stories This Week Crypto lender Genesis files for Chapter 11 bankruptcy FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New ...
Genesis Owes Over $3.5B to Top 50 Creditors
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the futur...
Genesis’ crypto lending unit filed for bankruptcy
Genesis, a crypto lending firm filed for bankruptcy protection on January 19. The company has owed almost $3.4 billion to creditors after being pitched by a market flight as well as FTX along with Blo...
Cameron Winklevoss Threatens Lawsuit after Genesis Filed for Bankruptcy
Winklevoss said this move will afford the firm to recoup its funds as the Barry Silbert-led DCG has continued to refuse to offer its creditors a fair deal. Cameron Winklevoss, the co-founder and Chie...
Genesis’ bankruptcy filing was decided by independent committee, according to DCG
In a Jan. 20 statement, Genesis Capital’s parent company, Digital Currency Group (DCG), denied involvement in Genesis’ bankruptcy filing. According to DCG, a special committee of independent directors...
Genesis Files for Bankruptcy – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
Digital Currency Group’s (DCG) subsidiary Genesis Global, filed for bankruptcy on January 19, 2023. The crypto lender was struggling in the market after the collapse of FTX. The crypto lending firm wa...
Opinion: Digital Currency Group’s Genesis implosion: What comes next?
It looks as if the bear cycle is going to claim another high-profile crypto company. On Jan. 19, Digital Currency Group’s (DCG’s) lending subsidiary, Genesis, filed for Chapter 11 bankruptcy. Here we ...
Here’s How Much Genesis Owes Creditors Like Gemini, Mirana, VanEck and Others
Arman Shirinyan Bankruptcy of Genesis was most likely inevitable, but lack of reaction from market is concerning One of the most feared bankruptcies on the market happened: Genesis filed for bankruptc...
Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing
Two of Genesis’ creditors have taken issue with the crypto lender’s “sloppy” bankruptcy filing. Mirana and Cumberland have accused the crypto lender of including inaccurate and misleading information ...
Stellar Foundation Has $13 Million Exposure To Insolvent Genesis
5 hours ago | 2 mins read Defi News The foundation extended a loan of roughly $13 million to Genesis in 2022. Digital Currency Group (DCG) is the parent company of Genesis. On Thursday, Genesis, a str...
Bybit CEO clarifies company’s exposure to Genesis
On January 20, 2019, renowned cryptocurrency lender Genesis Global Trading became the latest firm to declare bankruptcy in the aftermath of the collapse of FTX. Genesis Global Trading filed for protec...
Will Genesis Bankruptcy Spell Disaster for Grayscale’s GBTC and DCG?
The cryptocurrency lending platform, Genesis Global Capital, which is owned and operated by Digital Currency Group, has filed for bankruptcy. This raises concerns about the potential impact on other ...
Reactions to Genesis Global Trading’s Bankruptcy
Members of the cryptocurrency community expressed their opinions on the situation on social media shortly after the crypto lender Genesis Global Trading filed for protection under Chapter 11 of the Un...
Silvergate Has ‘Minimal’ $2.5M Exposure to Bankrupt Genesis
Leading crypto bank Silvergate revealed that its exposure to the bankrupt crypto lender Genesis was less than $2.5 million as of Jan. 19, according to an official statement. Silvergate said the bankru...
Decentraland reveals credit against Genesis: Should investors be worried?
Decentraland provided clarification regarding its dealings with Genesis. MANA’s price continued to surge but metrics were bearish. Decentraland [MANA] recently revealed its stand on the ongoing Genes...
Genesis bankruptcy filing sparks various community responses
As the crypto lender Genesis Global Trading filed for Chapter 11 bankruptcy protection in New York, members of the crypto community went on social media to express their thoughts on the matter. From ...