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.Read more
The crypto community has been abuzz with discussions surrounding Genesis’ intent to sell approximately 36 million shares of Grayscale Bitcoin Trust (GBTC), a move valued around $1.5 billion.Read more
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.Read more
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.Read more
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.Read more
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.Read more
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.
FTX bankruptcy estate intends to sell its $175 million general unsecured claim against the collapsed crypto lender Genesis, according to a Feb. 2 court filing.Read more
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.
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).Read more
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.
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.Read more