Cryptocoins News / Finance Magnates - 8 months ago
The Ad Hoc
Group, a group of creditors claiming approximately $2.4 billion against
bankrupt digital asset lender, Genesis, has opposed the in-principle agreement reached between Digital
Currency Group (DCG) and the Committee of Unsecured Creditors (U...
Cryptocoins News / The Cointelegraph - 8 months ago
The in-principle agreement reached by DCG and creditors also said that the ad hoc group and Gemini did not support the deal. The lenders of bankrupt cryptocurrency len...
Bitcoin News / Bitcoinist - 8 months ago
The latest update for the financial complications faced by Genesis Global, a notable name in the crypto lending space, and its parent company, Digital Currency Group (DCG), shows that both entities seem to have navigated their way out of the murky wa...
Cryptocoins News / Finance Magnates - 8 months ago
Digital Currency Group (DCG) has entered into an
in-principle agreement with the creditors of its cryptocurrency lending
subsidiary, Genesis. This agreement could reportedly pave the way for
substantial recoveries, ranging from 70% to 90% in USD equi...
Cryptocoins News / CoinJournal - 8 months ago
Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis.
The agreement could possibly lead to a fair recovery for creditors.
The agreement is still subject to several handles, but Genes...
Cryptocoins News / The Cointelegraph - 8 months ago
The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. Digital Currency Group (DCG), a...
Cryptocoins News / The Cointelegraph - 8 months ago
The estimated U.S. dollar equivalent recoveries could amount to 70%–90% for Genesis creditors, should the amended plan be carried out. Digital Currency Group (DCG), a...
Cryptocoins News / EthereumWorldNews - 8 months ago
Gemini co-founder Cameron Winklevoss has accused DCG’s Chief Executive Barry Silbert of playing dumb.& Winklevoss has indicated that DCG’s motion to dismiss Gemini’s fraud lawsuit is baseless.& The Gemini co-founder believes that DCG’s defen...
Bitcoin News / Bitcoinist - 8 months ago
Per a Bloomberg report, Digital Currency Group and its CEO Barry Silbert are moving to try to dismiss the lawsuit filed by their former partner, crypto exchange Gemini. The two entities have been in a legal battle since early 2023 due to its “Earn Pr...
Bitcoin News / Bitcoinist - 9 months ago
Genesis Global Holdco, the parent company of cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection on January 20.
The move came after Genesis Global Capital halted customer repayments on November 16, raising concer...
Cryptocoins News / EthereumWorldNews - 9 months ago
A consortium of investors is in the final stages of acquiring crypto news outlet CoinDesk.& CoinDesk is owned by the Digital Currency Group (DCG), which is currently embroiled in a lawsuit with its creditors.& Coindesk has been on the market...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
by COINS NEWS - 9 months ago
As a preamble, Genesis partnered with Gemini on Gemini's Earn program. Last November, Genesis halted withdrawals on the program. Barry Silbert, the head of DCG who is the parent company of Genesis, said the halt “was made in response to the extre...
Cryptocoins News / Finance Magnates - 9 months ago
The cryptocurrency
exchange, Gemini has dragged Digital Currency Group (DCG), the bankrupt digital lender of Genesis’ parent company, and its CEO, Barry Silbert, to court. In a lawsuit filed today (Friday) before a court in New York, the exchange
acc...