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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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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…
News
Digital Currency Group (DCG) opposes the settlement between the New York Attorney General and Genesis. DCG filed a new application following an agreement with the prosecutor and Genesis, a bankrupt crypto lender that was one of DCG’s companies. Company executives…
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New York Attorney General Letitia James filed a lawsuit on Thursday accusing three major cryptocurrency companies — Gemini Trust, Genesis Capital, and Digital Currency Group — of perpetrating a $1 billion fraud scheme that harmed investors.
News
Digital Currency Group (DCG) has added Tonya Evans, a tenured professor at Penn State Dickinson Law with expertise in intellectual property, blockchains, and distributed ledger technology, to its board of directors. In her new role, Evans will contribute to the…
News
Gemini took issue with DCG's creation of a $1.1 billion promissory note, claiming it was an attempt to obscure substantial financial losses stemming from the collapse of Three Arrows Capital.
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DCG, parent company of insolvent Genesis, is proposing a creditor repayment plan, including that of Gemini Earn investors
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US federal officials are currently scrutinizing the internal financial transactions of DCG and its subsidiary, Genesis Global Capital.
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Genesis Global is suing DCG, aiming to reclaim $620 million in unpaid loans
News
Genesis Global Trading, an affiliate of Digital Currency Group (DCG), plans to cease its crypto spot trading operations this month due to undisclosed “business reasons.” This voluntary decision stems from a series of business considerations and follows the January bankruptcy…
News
Gemini, a crypto exchange led by the Winklevoss twins, opposed the bankruptcy plan by Genesis and Digital Currency Group (DCG). Gemini‘s lawyers explained that the bankruptcy plan lacks enough details and guarantees for some of the largest debtors. The Gemini’s filing stated…
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DCG's has reached a settlement with Genesis as they agree to reimburse creditors 70-90% as they seek tp address bankruptcy complexities and setting new recovery standards.
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CoinDesk lays off over 40% of editorial staff to ‘ensure a financially sound business’ ahead of sale
Digital Currency Group (DCG) is laying off staff as the company tries to ensure that its expenses-to-profit ratio looks better for potential acquirers. DCG — the owner of CoinDesk — is cutting the publication’s editorial team by almost 45%, or…
News
A group of investors are reportedly nearing a deal to acquire crypto media outlet Coindesk for $125 million. According to the Wall Street Journal citing “people familiar with the matter,” the investor group is led by Matthew Roszak, founder and…
News
Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a tweet published today, June 7, that Silbert played a central role…
News
Gemini co-founder Cameron Winklevoss has proposed a final offer, mandating Digital Currency Group’s (DCG) Barry Silbert and his embattled company to start reimbursing Gemini Earn creditors by July 21 or face a lawsuit. There appears to be a glimmer of…
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