Genesis Global and its related companies have successfully completed their bankruptcy restructuring, marking a significant milestone in the crypto lending sector. The restructuring process culminated in the distribution of approximately $4 billion in digital assets and cash to creditors. This…
Federal Judge Nods to $21 Million SEC Settlement with Genesis Global Capital
In a significant development within the cryptocurrency industry, a federal judge has given approval to the settlement reached between Genesis Global Capital, a bankrupt crypto firm, and the Securities and Exchange Commission (SEC). The settlement revolves around allegations that Genesis…
SEC Legal Battle with Gemini and Genesis Over Unregistered Securities Claims
The Securities and Exchange Commission (SEC) has made significant progress in its case against Gemini Trust Co. and Genesis Global Capital, accusing them of illegally offering unregistered securities through their interest-paying product, Gemini Earn. US District Judge Edgardo Ramos recently…
Why Gemini crypto exchange sued Genesis Global ?
In a significant legal development, cryptocurrency exchange Gemini has filed an adversary proceeding against bankrupt crypto lender Genesis Global Holdco in the Southern District of New York Bankruptcy Court. The dispute revolves around the ownership and distribution of 62,086,586 shares…
Did the Winklevoss Twins Have Prior Knowledge of Gemini Withdrawing $282 Million from Genesis Before its Bankruptcy?
In the ever-evolving landscape of cryptocurrency exchanges and financial institutions, the recent withdrawal of $282 million by Gemini from Genesis has drawn significant attention and raised concerns within the industry. This article delves into the details of this strategic move,…
Genesis Global Capital Slaps Lawsuit on Parent Company Over $600 Million Debt
The failure of FTX in the crypto industry came with massive consequences. In fact, many say one of the major contributors to this current bear market was the collapse of the exchange. One of those affected by the collapse of…
Genesis & Huobi Forced to Cut Workforce as Market Struggles
According to a company representative, Genesis Global Trading laid-off employees on Thursday. Derar Islim, the interim CEO, stated publicly prior to the announcement that the company needs more time to find an appropriate solution to its current problems. 30% of…
Genesis Forced to Cut Workforce as Market Struggles
According to a company representative, Genesis Global Trading laid off employees on Thursday. Derar Islim, the interim CEO, stated publicly prior to the announcement that the company needs more time to find an appropriate solution to its current problems. 30%…
Gemini Exchange Aims to Recoup $900M From Crypto Lender Genesis After FTX Collapse
Cryptocurrency exchange Gemini is attempting to recoup the $900 million it loaned to cryptocurrency broker Genesis and its parent company Digital Currency Group (DCG). Effects Of FTX Collapse The Financial Times reported that the Winklevoss twins’ cryptocurrency exchange is attempting…
US State Regulators Launch Genesis Global Capital Investigation Citing FTX-Related Contagion Fears
Genesis, a well-known cryptocurrency lender ranked among the top lenders worldwide, is reportedly being scrutinized by regulators in the state of Alabama and other US states. A thorough investigation is being conducted by the state securities department into issues related…
StilachiRAT Malware affects crypto wallets via Chrome add-ons – Microsoft
A newly uncovered remote access trojan (RAT) named StilachiRAT is posing a serious threat to cryptocurrency users by targeting their browser-based wallets and saved login credentials. Discovered by Microsoft Incident Response and detailed in a report published on March 17,…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a transformation that is sending shockwaves through the market. Regardless of whether you are an experienced BTC price speculator or a newcomer to the crypto arena,…
