The U.S. Securities and Exchange Commission (SEC) has filed charges against Genesis Global Capital LLC and Gemini Trust Company LLC for unlawfully offering securities to a large number of investors th...
Tag: Genesis
SEC Files “Totally Counterproductive” Charges Against Gemini and Genesis
Key Takeaways The SEC is accusing both Gemini and Genesis of offering unregistered securities to retail customers through the Gemini Earn program. Genesis currently owes Gemini customers $900 million....
Genesis and Gemini Are Facing SEC Violation Charges
6 hours ago | 2 mins read Editors News Genesis and Gemini are holding the charge with violations of the Securities Act of 1933. Genesis holds around $900 million worth of assets of 340K Gemini investo...
SEC charges Gemini, Genesis over Earn program; Winklevoss responds
The U.S. Securities and Exchange Commission has charged Genesis and Gemini over their now-defunct Gemini Earn program, according to a Jan. 12 announcement. SEC chair Gary Gensler said: We allege that ...
SEC levels serious charges against Gemini and Genesis
The Securities and Exchange Commission (SEC) has leveled formal and serious charges against Genesis and Gemini for illegally carrying out the sale of unregistered securities. For the uninitiated, Gene...
Genesis and Gemini Charged for Selling Unregistered Securities
The United States Securities and Exchange Commission (SEC) on Thursday charged cryptocurrency firms Genesis and Gemini for allegedly selling unregistered securities. The charges relate directly to ‘Ea...
DCG considers selling assets to pay $3b Genesis debt
Digital Currency Group (DCG), the conglomerate that owns crypto broker Genesis, is reportedly considering selling assets from its portfolio to pay Genesis’ $3 billion debt. DCG explores selling VC as...
Genesis: the billionaire debt of the crypto broker
Genesis, the crypto broker of Digital Currency Group (DCG), has a debt of more than $3 billion. Its owner is considering selling venture assets to raise funds and resolve the issue. Genesis and the n...
DCG plans to sell assets to help Genesis
The Financial Times reported on Thursday that Digital Currency Group might be selling off some of its venture portfolio assets to generate enough funds for Genesis, their wholly-owned subsidiary, to c...
SEC charges Gemini and Genesis for selling unregistered securities
SEC charges Gemini and Genesis for offering lending services via the Earn program The commission previously charged BlockFi for similar offerings The United States Securities and Exchanges Commission ...
SEC Files Complaint Against Gemini and Genesis for Allegedly Selling Unregistered Securities
The Securities and Exchange Commission (SEC) has filed a complaint against Genesis Global Capital and Gemini Trust Company for allegedly selling unregistered securities to retail investors in the US. ...
SEC Charges Genesis And Crypto Exchange Gemini For Offering Unregistered Securities
The U.S. Securities and Exchange Commission has filed charges against crypto lender Gemini and Genesis for selling unregistered securities through Gemini’s “Earn” scheme. The SEC claims that Earn enab...
SEC charges Genesis and Gemini with selling unregistered securities
The Securities and Exchange Commission on Thursday charged crypto firms Genesis and Gemini with allegedly selling unregistered securities in connection with a high-yield product offered to depositors....
DCG Looking to Sell Off Some Assets as Genesis Owes Creditors Over $3B: Report
Digital Currency Group (DCG), the parent company of wholly-owned subsidiary, crypto brokerage firm Genesis, is reportedly looking to offload some of its venture capital portfolios to raise funds to co...
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
Embattled crypto lender Genesis owes over $3 billion to its creditors, the Financial Times reported on Jan. 12, citing sources familiar with the matter. The lender owes $900 million to users of Gemini...
SEC charges Gemini and Genesis with unregistered securities offering
The Securities and Exchange Commission charged Genesis Global Capital LLC and Gemini Trust Company LLC for the unregistered offer and sale of securities to retail investors through a Gemini crypto len...
With Genesis Over $3,000,000,000 in Debt, Digital Currency Group Weighs Selling Venture Portfolio Assets: Report
A new report claims that the parent company of crypto broker Genesis is considering selling venture capital assets to pay back creditors. With Genesis more than $3 billion in debt, the Financial Times...
SEC Charges Genesis and Gemini – Trustnodes
Washington D.C., Jan. 12, 2023 — The Securities and Exchange Commission today charged Genesis Global Capital, LLC and Gemini Trust Company, LLC for the unregistered offer and sale of securities to ret...
More Genesis creditors say crypto lender duped them
A second group of Genesis creditors says they were misled by the lender into thinking that their money would be safe, and are now out hundreds of millions of dollars. The group is made up of individua...
Gemini Co-founder Claims Genesis Defrauded Both Exchange and Users
10 hours ago | 2 mins read Exchange News Three pages of accusations against the lender and its parent firm were shared. Genesis said that when collateral was liquidated it was left with a negative of ...
Winklevoss publicly accuse Genesis and DCG of defrauding its 340,000 customers
Cameron Winklevoss, the co-founder of Gemini crypto exchange, has hit out at digital assets investment firm Genesis and its parent company Digital Currency Group (DCG) for orchestrating an alleged fra...
Genesis under attack: the crypto lender faces the SEC
SEC vs DCG and Genesis US authorities are now digging into all the financial relationships between the two crypto companies headed by Barry Silbert. Digital Currency Group has already received many re...
Genesis Parts Ways With Sales Staffers, Said To Spell More Bad Tidings
There’s no end in sight for Genesis’ prickly problems as executives exhaust avenues to keep the crypto company above water. Among the 30% of firm-wide employees Genesis cut on Thursday was the majorit...
Genesis Global Dismisses Additional 30% of Staff
Genesis conducted the latest staff cut after the company informed clients about “reducing costs and driving efficiencies” amid challenging times for many crypto firms. With fingers crossed on what the...