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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 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.
NEW YORK (Reuters) -Bankrupt crypto lender Genesis and crypto exchange Gemini have returned over $2 billion in crypto to 232,000 retail customers in their jointly managed Gemini Earn program ...
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.
Digital Currency Group was launched in 2015 by Barry Silbert, the former CEO of SecondMarket, Inc. He began investing in blockchain technology companies in 2013. [3] Shortly after SecondMarket's sale, Silbert formed Digital Currency Group, with Genesis and Grayscale becoming the first of the company's subsidiaries.
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 ...
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.
The Earn program was halted during a crypto market crash in November 2023, and its failure has spurred litigation between Genesis, Gemini, and Genesis's parent company, Digital Currency Group.