Tag Genesis
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-kindโฆ
Binance’s Gopax Offloads Genesis Creditor Claims at Significant Discount
Court Approves Genesis Global’s $3 Billion Payout Plan
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 atโฆ
Genesis Settles SEC Case with $21M 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 onโฆ