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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 ...
On January 12, 2023, the Securities and Exchange Commission charged Genesis Global Capital, LLC with the unregistered offer and sale of securities to retail investors through Gemini Trust Company’s Gemini Earn crypto asset lending program. The SEC is seeking permanent injunctive relief, disgorgement of ill-gotten gains plus prejudgment ...
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 ...
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.
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.
Launched in 2013 by DCG, Genesis is a cryptocurrency trading, lending, and asset custody platform, targeting institutional clients and high net worth individuals. They claim to have been the first Bitcoin cryptocurrency desk. [29] Genesis acquired the London-based cryptocurrency custodial company Volt in early 2020.
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