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Genesis News
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Top Genesis Stories
Latest Genesis News
Recap
Today’s edition of the weekly recap covers a shakeup at Polygon, World Liberty Financial’s response to collaboration allegations, and the Trump administration’s exclusive dinner with top memecoin holders. Coin holders chow down with Trump Polygon co-founder Bjelic announces departure World…
News
Crypto lender Genesis Global Capital has filed two lawsuits against its parent company, Digital Currency Group, and CEO Barry Silbert, seeking to recover over $1 billion in allegedly improper transfers made while Genesis was insolvent. According to a May 20…
News
The total size of the crypto lending market fell to $36.5 billion in Q4 2024, down more than 40% from its all-time high in late 2021. The crypto lending market remained far from its former highs at the end of…
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Former Genesis CEO Michael Moro has been sanctioned by the U.S. SEC as part of a 2023 lawsuit against the parent company, Digital Currency Group.
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The largest recipient of the Genesis Trading bankruptcy proceedings has recently been involved in a significant Ethereum sell-off. According to data provided by Arkham Intelligence, the creditor has sold 12,100 Ethereum (ETH) worth $31.43 million, within just three days. This…
ETH
Ethereum
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Los Angeles law enforcement arrested at least two persons involved in a $243 million social engineering attack launched against a lone Genesis creditor. In August, three scammers, identified as Malone Iam, Veer Chetal, and Jeandiel Serrano, swindled a single Genesis…
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Genesis Global and affiliated entities have begun disbursing $4 billion in creditor payouts following the completion of their restructuring process. According to an Aug. 2 statement, crypto lender Genesis Global started repayments to over 100,000 creditors after declaring bankruptcy in…
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Genesis Trading has moved billions of dollars in recent days, potentially to manage creditor repayments as part of its financial restructuring efforts. The crypto lender, which is navigating bankruptcy, has reportedly transferred substantial amounts of Bitcoin (BTC) and Ethereum (ETH)…
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A wallet linked to crypto lender Genesis has transferred 12,600 Bitcoin (BTC) worth approximately $760 million to crypto exchange Coinbase. On-chain data tracked by Arkham shows the addressed labeled “Genesis Trading” moved the funds to the exchange amid the broader…
BTC
Bitcoin
News
German authorities sold 10,567 BTC worth $600 million today, significantly contributing to an 18% drop in Bitcoin’s price over the past month, alongside sell-offs from Mt. Gox and Genesis Trading. As of 1:00 p.m. EST, Thursday, July 11, the wallets…
Follow-up
The case of clients’ money from Gemini’s Earn program, frozen for a year and a half, is finally moving toward a resolution. On May 17, Judge Sean H. Lane approved Genesis’ Chapter 11 bankruptcy plan. The decision will allow the…
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The New York Attorney General Letitia James has reached a $2 billion settlement with Digital Currency Group subsidiary Genesis.
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Genesis Global, the digital assets lender that went bankrupt last year, received court approval to pay billions in cash and crypto to creditors. The judge also rejected a legal challenge from Genesis Global's parent company, DCG.
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Troubled crypto lending firm Genesis has reportedly bought $2.1 billion worth of Bitcoin (BTC) after selling off approximately 36 million shares of the Grayscale Bitcoin Trust (GBTC).
BTC
Bitcoin
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Genesis Global Capital will pay a $21 million fine and enter a permanent injunction to resolve the SEC’s allegations. Genesis will seek an injunction alleging that it offered and sold securities without proper registration, according to a March 19 SEC…
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A U.S. judge found that a lawsuit alleging securities violation by crypto companies Gemini and Genesis was plausible.
