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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 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 ...
After the collapse of crypto lending firms like BlockFi and Genesis, Arch is trying to revive the sector. Arch wants to rebuild trust in crypto lending with $5 million in funding and a $70 million ...
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 filed for bankruptcy in January owing at least $3.4 billion to creditors and reached an agreement in principle on a restructuring plan, suppor Gemini tries to line up other creditors in ...
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 ...
The deal resolves January 2023 charges the SEC filed against Genesis and Gemini Trust Company LLC over their joint crypto lending program. It was one of a spate of enforcement actions the SEC has ...