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  2. Genesis (cryptocurrency company) - Wikipedia

    en.wikipedia.org/wiki/Genesis_(cryptocurrency...

    On January 19, 2023, Genesis Global Holdco, LLC and two of its lending business subsidiaries, Genesis Global Capital, LLC and Genesis Asia Pacific Pte. Ltd., [12] filed voluntarily petitions under Chapter 11 of the U.S. Bankruptcy Code in the Southern District of New York. Genesis listed over 100,000 creditors with aggregate liabilities in the ...

  3. Crypto lender Genesis to return $3 billion to customers in ...

    www.aol.com/news/crypto-lender-genesis-return-3...

    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 ...

  4. Genesis reaches $21 million SEC settlement in bankruptcy wind ...

    www.aol.com/news/genesis-reaches-21-million-sec...

    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 ...

  5. Bankrupt crypto lender Genesis to pay $21 million to settle ...

    www.aol.com/news/bankrupt-crypto-lender-genesis...

    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.

  6. Bankruptcy judge approves Genesis Global plan to refund $3 ...

    www.aol.com/news/bankruptcy-judge-approves...

    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 ...

  7. Genesis gets court approval to sell $1.6 billion in crypto ...

    www.aol.com/news/genesis-gets-court-approval...

    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.

  8. Digital Currency Group - Wikipedia

    en.wikipedia.org/wiki/Digital_Currency_Group

    On January 19, 2023, Genesis Global Capital filed for Chapter 11 bankruptcy protection, citing over 100,000 creditors and liabilities of between $1 billion and $10 billion. [12] In February 2023, DCG struck a deal with creditors to either sell its Genesis unit or turn its equity over to creditors. [13]

  9. Exclusive: Genesis reaches settlement with New York ... - AOL

    www.aol.com/finance/exclusive-genesis-reaches...

    Genesis's lending practice worked with failed firms including the hedge fund Three Arrows Capital and Sam Bankman-Fried's Alameda Research, spurring its own bankruptcy in early 2023.