Digital Currency Group Alleges Bankruptcy Code Violations, Calls For Revamp Of NYAG And Genesis Settlement | Bitcoinist.com

In a surprising twist, Digital Currency Group (DCG), the parent company of defunct crypto lender Genesis Capital, has contested the settlement agreement reached with the New York Attorney General’s (NYAG) office, citing alleged violations of the Bankruptcy Code.

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Grayscale, DCG stand against Genesis plan to liquidate $1.6 billion in trust shares

Crypto firm Digital Currency Group (DCG) and Grayscale objected to bankrupt lender Genesis‘ move to divest its assets, including Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG), shares worth approximately $1.

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Dark Twist In Digital Currency Group Case: NYAG Pursues $3 Billion Restitution | Bitcoinist.com

New York Attorney General Letitia James has expanded the state’s lawsuit against Digital Currency Group (DCG) and tripled the estimated size of alleged fraud to more than $3 billion.

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Genesis Resolves Lawsuit With NY Attorney General In Bankruptcy Settlement | Bitcoinist.com

In a recent development, Genesis Global, the bankrupt cryptocurrency lender, has settled a lawsuit filed by New York Attorney General Letitia James, as reported by Bloomberg.

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Genesis Bankruptcy Plan Faces Criticism As DCG Alleges ‘Overpayment’ Of Customer Claims | Bitcoinist.com

In a recent development, Digital Currency Group (DCG), the parent company of bankrupt crypto lender Genesis Capital, has objected to Genesis’ bankruptcy plan, arguing that it violates the Bankruptcy Code.

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Genesis’ bankruptcy plan faces pushback from parent company DCG over creditor payouts

Digital Currency Group (DCG), the parent company of the defunct crypto lender Genesis, has filed an objection against the approval of its subsidiary’s bankruptcy plan, which was created via a “clandestine approach.”
In a Feb.

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Genesis Reaches Agreement With SEC, Agrees To Pay $21 Million In Gemini Earn Program Lawsuit | Bitcoinist.com

Genesis Global, a Digital Currency Group (DCG) subsidiary, has reached a settlement agreement with the US Securities and Exchange Commission (SEC) to end a civil lawsuit. 
The regulator accused the bankrupt crypto lender of violating securities rules through its now-terminated Gemini Earn program.

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Genesis Agrees To Settle With New York DFS, Surrenders BitLicense And Pays $8M Fine | Bitcoinist.com

A recent Fortune Magazine report revealed that the New York Department of Financial Services (DFS) is set to announce a settlement with Genesis Global, a subsidiary of the crypto conglomerate Digital Currency Group (DCG).

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Digital Currency Group still owes Bitcoin, USD to Genesis, filing suggests

An ad hoc group of lenders associated with bankrupt Genesis alleged that Digital Currency Group has yet to fulfill its loan repayment requirements with the defunct lender because it still owes substantial amounts in both Bitcoin and US Dollars, according to a Jan. 8 court filing.
On Jan.

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Digital Currency Group (DCG) Completes $700 Loan Repayment To Genesis Exchange

Venture capital firm Digital Currency Group (DCG) has completed a $700 million payment to its subsidiary company Genesis Global Capital (GGC) as a settlement of its short-term loans from the now-bankrupt crypto lending platform.

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