Market Analysis
Friday Filing Reveals Details Of DCG’s Plan to Sell Genesis
A filing made on Friday shed some light on DCG’s plan to sell Genesis.
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Genesis
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Genesis
Market Analysis
FTX Seeks to Recover $3.9B in Fiat and Crypto from Genesis: Report
FTX is seeking to recover close to $4 billion both from Genesis Global Capital, and the non-bankrupt GGC International.
Market Analysis
DCG Agrees to Sell Genesis in a Pact With Major Creditors
The Digital Currency Group reportedly reached an agreement in principle with Gemini Trust on the sale of Genesis’ lending and trading arms.
Market Analysis
DCG And Genesis Reach an “In Principle” Agreement With Creditors
DCG and Genesis reportedly reached a preliminary agreement with a group of creditors that are collectively owed approximately $2.4 billion.
Crypto
Genesis Files for Bankruptcy With More than $3.4B Owed to Creditors
Genesis has $1 billion to $10 billion for both assets and liabilities as well as over 100,000 creditors.
Market Analysis
Genesis Preparing to File for Bankruptcy Before the End of This Week
After months of uncertainty, Genesis is reportedly preparing for imminent bankruptcy.
Latest
SEC Intervenes in Genesis-Gemini Feud Suing Both Companies
The SEC filed a complaint against Genesis Global Capital and Gemini Trust over the unregistered sale of cryptocurrencies through the Gemini Earn program.
Policy
Genesis Owes Clients $3B, DCG Seeks to Offload Assets: Report
Crypto broker Genesis reportedly owes its clients up to $3B.
Market Analysis
DCG’s Silbert Opens up on Genesis and 3AC, Gemini Terminates Earn Program
Barry Silbert published his letter to shareholders just after Cameron Winklevoss further escalated the public Gemini-DCG feud over Genesis.
Policy
US Prosecutors Ramp Up Investigations on Crypto Firms Post FTX Collapse
Crypto conglomerate Digital Currency Group is the latest to come under investigation by US authorities following the collapse of FTX.
Market Analysis
Genesis Working With Moelis & Co. Mulling Over Chapter 11 Bankruptcy
Genesis is “working closely” with its advisors and reportedly still considering bankruptcy as a way forward.
Market Analysis
Genesis Fires 30% of Staff in Restructuring Attempts After FTX’s Collapse
A day after saying it needed more time to sort out its financial woes, Genesis announced it was 30% of its remaining employees.
Market Analysis
Gemini Accuses Barry Silbert of Foul Play, Calls on DCG to Repay $900M
According to the open letter addressed to Barry Silber, the DCG is negotiating in bad faith and is trying to sacrifice partners and users to insulate…