Genesis Global secures court approval for $3B payout
According to Judge Lane, any available funds for distribution by Genesis are being exhausted by creditor claims, which take priority over DCG’s equity stake. Go to Source
Genesis Global
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FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model. Go to Source Powered by WPeMatico
Crypto lender Genesis files for bankruptcy
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York. Go to Source Powered by WPeMatico
Gemini and Genesis charged by SEC over unregistered securities
The charges relate to Gemini’s crypto asset lending program, Gemini Earn, according to a press release from the Securities and Exchange Commission. Go to Source Powered by WPeMatico
Breaking: Crypto lender Genesis Global halts withdrawals
The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust. Go to Source Powered by WPeMatico
Market Outlook: After Crypto Prices Tumble, Observers Weigh in on What’s Next
Bitcoin and a large number of cryptocurrencies experienced a sharp crash after touching new price highs this year. On June 26, the price of bitcoin core (BTC) dropped from $13,850 to under $11,900 in less than an hour. BTC values against the USD continued to spiral on Thursday, dropping to $10,350 before recovering slightly. With … Read more
