DCG Clears $700M Debt Through Genesis Settlement
With reference to the now-defunct crypto lending platform Genesis, venture capital firm DCG declared that it has paid off all of its short-term loans.
Tag Genesis
Genesis Pursues $689M From Gemini in Legal Battle Over ‘Preferential Transfers’
In an attempt to recoup $689 million in privileged payments, Genesis Global Capital has launched a lawsuit against cryptocurrency exchange Gemini.
Genesis gets 5 day deadline to produce documents to comply with Terra subpoena
Key Takeaways In a noteworthy legal development, a district judge in New York has directed cryptocurrency lending firm Genesis to comply with a subpoena. This action comes in response to Genesis allegedly withholding specific documents linked to the sudden downfall…
Gemini hits out at DCG, Genesis Bankruptcy Plan, calls it ‘Misleading’
Key Takeaways In a significant legal dispute within the cryptocurrency space, lawyers representing Gemini Trust have strongly opposed a bankruptcy recovery plan proposed by Digital Currency Group (DCG) concerning creditors of Genesis Global. Gemini Trust, a well-known cryptocurrency exchange, has…
DCG backed Genesis Global Trading to Cease Crypto Spot Trading
Key Takeaways Genesis Global Trading (GGT), an affiliate of the Digital Currency Group (DCG), has announced that it will shut down its cryptocurrency spot trading service on September 18. This decision comes as GGT takes strategic steps to streamline its…
DCG & Genesis: In-Principle Deal to Resolve Bankruptcy Claims
key takeaways: The Digital Currency Group (DCG) and Genesis creditors appear to have reached a resolution for their bankruptcy claims, with a preliminary agreement announced in a recent court filing. This potential deal holds the promise of enabling unsecured creditors…
New York Attorney General Launches Probe into DCG and Genesis Relationship
Key Takeaways The New York Attorney General’s office has initiated an investigation into Digital Currency Group (DCG), a renowned blockchain investment firm founded by Barry Silbert. As part of the probe, the firm’s subsidiary, Genesis Global Capital, is also under…
FTX and Genesis Global Reaches Agreement To Settle Bankruptcy Dispute
Key Takeaways In a major breakthrough, two prominent cryptocurrency companies, FTX and Genesis Global, have reached a settlement agreement to resolve their Chapter 11 bankruptcy cases. The companies, both grappling with financial woes, had been embroiled in a contentious dispute…
Gemini Filed Lawsuit Against Barry Silbert and DCG, Alleging Fraud
Gemini has filed a lawsuit against the CEO, Barry Silbert, and the conglomerate DCG.
FTX Debtors Challenge Genesis’ Claims Estimate of ‘$0.00’, Dispute Escalates
The FTX debtors claimed that the claim was filed "without any advance notice" and that they could not attend the mediation.
