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Digital Currency Group, the parent company of bankrupt crypto lender Genesis, reached an agreement to pay out up to 90% of the amount owed to Genesis customers with the help of new loans.
Genesis Global Trading, Inc. was founded in 2013. [4] It is a subsidiary of the Digital Currency Group, a venture capital company founded by Barry Silbert. [3]Genesis' business consists of entities that provide trading, lending, and custody digital assets, targeting institutional clients and high-net-worth individuals.
Crypto lender Genesis Global has settled a U.S. Securities and Exchange Commission lawsuit over its defunct Gemini Earn lending program, agreeing to a $21 million fine that will be paid only if ...
Founded in 2015, Digital Currency Group helped lead crypto's growth in the U.S., fueling bull markets with its lending practice Genesis Global Capital and its asset manager, Grayscale.
Crypto lender Genesis filed for bankruptcy protection on Friday as the fallout continues from last year's collapse in crypto prices and resulting failure of several firms in the industry.
A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to its creditors and investors, including thousands of people who New York ...
Bankrupt crypto lender Genesis Global on Wednesday received permission from a U.S. court to sell about $1.6 billion in Grayscale cryptocurrency trust shares as part of its effort to repay creditors.
Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital ...