Binance may acquire Genesis Loan Book
Changpeng Zhao (CZ), CEO of Binance, is considering the possibility of purchasing Genesis' loan book.
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Latest firstDCG Issues Lawsuit Against Genesis Over $1.1 Billion Promissory Note Tied to 3AC Collapse
Key Takeaways Leading Venture Capital firm Digital Currency Group (DCG) has filed a lawsuit against Genesis Global Capital, the crypto lender it owns, seeking repayment of more than USD 105 million linked to a USD 1.1 billion promissory note. The…
Genesis Trading begins repayment of creditors
Key Takeaways Crypto lender Genesis Global completed its Chapter 11 bankruptcy restructuring plan and began distributing about $4 billion in digital assets and cash to creditors. Under the plan, Bitcoin creditors will receive 51.28% recoveries as valued on an in-kind…
Binance’s Gopax Offloads Genesis Creditor Claims at Significant Discount
The Gopax crypto exchange is said to have sold its members' deposit claims in August 2023 for half of their face value.
Court Approves Genesis Global’s $3 Billion Payout Plan
Genesis Global has obtained court permission to reimburse its creditors with almost $3 billion in cash and crypto.
Genesis Buys $2.1 Billion worth Bitcoin After Selling GBTC Shares
Key Takeaways Genesis, a crypto lending firm, has completed the liquidation of its Grayscale Bitcoin Trust (GBTC) shares after securing permission from the U.S. bankruptcy court. The company announced that it successfully monetized all 36 million GBTC shares, valued at…
Genesis Settles SEC Case with $21M Penalty
Genesis Global Capital has entered a final court judgment to settle accusations about the Gemini Earn financing program, including paying a $21M civil penalty.
Gemini to Repay $1.1 Billion to Earn Users, Faces $37 Million Penalty
Key Takeaways Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, has struck a major deal to reimburse over $1.1 billion to its Earn customers through the bankruptcy proceedings of Genesis Global Capital. This agreement follows Genesis’ default on…
New York Court Approves Genesis to Sell $1.6B Bitcoin and ETH Trust Shares
The sale of 1.6 billion Bitcoin and Ethereum (ETH) trust shares has been approved by a New York court for cryptocurrency lender Genesis.
Bankrupt Crypto Lender Genesis Seeks Nod to Sell $1.6B in Trust Assets
The insolvent crypto lending company Genesis has asked the US Bankruptcy Court to authorize selling its about $1.6 billion shares in the GBTC.
