DCG | ForkLog

ForkLog 13 20.05.2024

Genesis to Return $3 Billion to Creditors Amid Bankruptcy Proceedings

Genesis has received court approval to distribute $3 billion in fiat and cryptocurrencies among its creditors, reports CoinDesk. This amounts to approximately 77% of the firm’s total liabilities. The parent company, Digital Currency Group (DCG), is not included in the list of claimants for compensation. Genesis Global Holdco and its subsidiaries filed for Chapter 11 […]

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ForkLog 8 15.02.2024

Court Authorizes Genesis to Sell $1.3 Billion in GBTC Shares

The bankruptcy court has approved Genesis Global Holdco’s request to sell 35 million GBTC shares, valued at over $1.3 billion, to satisfy creditor claims, according to Bloomberg. The subsidiary of DCG also plans to sell “more than 11 million shares of two Grayscale Ethereum trusts worth over $200 million.” Digital Currency Group sought to delay […]

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ForkLog 35 11.02.2024

New York Attorney General Expands Lawsuit Against DCG

The New York State Office of the Attorney General (OAG) has tripled the estimated fraud amount to over $3 billion in the case against Gemini, Genesis, and Digital Currency Group (DCG). In October 2023, the agency filed a lawsuit against the companies and their executives, accusing them of defrauding 230,000 investors of more than $1 […]

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ForkLog 8 14.12.2023

Gemini Earn Clients Will Receive Only 61% of Assets Under Restructuring Plan

Gemini Earn users would recover only 61% of the value of lost assets under the worst-case scenario, according to the restructuring plan.

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ForkLog 8 29.11.2023

DCG to pay $620 million to settle Genesis lawsuit

Digital Currency Group has reached a new debt-repayment agreement of $620 million with its bankrupt subsidiary Genesis Global Holdco LCC to settle the lawsuit.

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ForkLog 28 19.10.2023

US prosecutors charge Gemini and DCG with defrauding investors of more than $1 billion

The New York attorney general filed a suit against Gemini, Genesis, Digital Currency Group (DCG) and the companies’ leadership, accusing them of defrauding more than 230,000 investors of over $1 billion.

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ForkLog 7 28.09.2023

Media: Gemini pulled $282 million from Genesis Global Capital before the platform’s bankruptcy

Bloomberg: Gemini pulled $282 million from Genesis Global Capital several months before the crypto-lending platform filed for bankruptcy.

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ForkLog 7 07.09.2023

Genesis sues DCG over $600m in unpaid loans

Genesis Global Capital, in bankruptcy proceedings, has filed suits against Digital Currency Group (DCG) and Digital Currency Group International (DCGI), seeking repayment of several loans totaling more than $600 million.

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ForkLog 23 31.08.2023

Genesis creditors call DCG proposal ‘unsatisfactory’.

The court halted Genesis Global Holdco's bankruptcy proceedings due to creditors' disagreement with the terms of the recently proposed Digital Currency Group deal.

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ForkLog 14 29.08.2023

DCG to reimburse Genesis creditors up to 90% of funds

Digital Currency Group, the parent of the bankrupt Genesis Global Holdco, reached an agreement with Genesis creditors to settle claims.

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ForkLog 4 11.08.2023

DCG seeks to dismiss Gemini’s lawsuit

The Digital Currency Group (DCG) has filed suit seeking to dismiss Gemini's case against it and founder Barry Silbert.

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ForkLog 10 21.07.2023

Journalists report forthcoming sale of CoinDesk

A group of investors is in the final stages of negotiations to buy the crypto-focused publication CoinDesk, valued at $125 million.

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