FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.
FTX and Genesis Reach Agreement in Ongoing Bankruptcy Dispute
Crypto lender Genesis Global Capital is FTX’s largest unsecured creditor, with $226 million in claims.
Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’
In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.
Maple Finance announces direct lending to fill the void left by BlockFi, Celsius
The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.
Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues.
Genesis Bankruptcy Judge Extends Mediation Period Between Genesis, Creditors
The insolvent lender will now have until August 2 to submit a plan to emerge from bankruptcy.
Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence
Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.
Defunct Crypto Hedge Fund 3AC Insists on Taking Part in Genesis Mediation
The defunct crypto hedge fund has claimed over $1 billion against Genesis, which itself filed for bankruptcy in January.
FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’
The FTX debtors alleged that the claim was filed “without any advance notice,” and were not invited to participate in the mediation.
Gemini and Bankrupt Lender Genesis Asks U.S. Court to Dismiss SEC Lawsuit Targeting Earn Program
The U.S. Securities and Exchange Commission alleged the two entities had sold unregistered securities through Gemini’s Earn program.
Gemini Says Genesis Parent DCG Missed $630 Million Payment
Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.
DCG Looks to Refinance Outstanding Genesis Obligations, Raise Growth Capital
The crypto conglomerate may owe its bankrupt lending division hundreds of millions in loan payments.
FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.
FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case
Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.
Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing
Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark.
Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization
The move by Genesis creditors comes months after they had appeared to reach an initial agreement with Genesis-owner DCG.
Bankruptcy Trading Platform Xclaim Closes $7M Round as It Adds Crypto Focus
Founder and CEO Matthew Sedigh says trading volumes have surpassed $200 million since Xclaim started operations in 2018.
First Mover Americas: Bitcoin Busts Through $26K
The latest price moves in bitcoin (BTC) and crypto markets in context for March 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Genesis Requests Timetable for Sale, Creditor Claims
The company wants to sell off its business after filing for bankruptcy on Jan. 19.
DCG losses top $1B on the back of 3AC collapse in 2022
The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results.