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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 ...
Genesis, which filed for bankruptcy in January 2023, is part of Digital Currency Group (DCG). It was one of a spate of enforcement actions the SEC has taken against large firms in the crypto sector.
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 ...
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 ...
Genesis is a cryptocurrency intermediary for institutional investors, with Digital Currency Group (DCG) as its parent company. [1]Genesis operates several businesses, including Genesis Global Trading, Inc. ("GGT"), Genesis Global Capital, LLC ("GGC"), Genesis Asia Pacific Pte. Ltd. ("GAP"), GGC International Limited ("GGCI"), and Genesis Custody Limited ("Genesis Custody").
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.
(Reuters) - Cryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking ...
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.