Genesis Global Capital

ForkLog 61 05.12.2025

ZachXBT Reports Arrest of Suspect in 4100 BTC Theft from Genesis Lender

Police have reportedly detained a hacker linked to the theft of $243 million from a Genesis lender, according to on-chain detective ZachXBT.

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ForkLog 21 20.09.2024

US Authorities Arrest Suspects in 4100 BTC Theft from Genesis Creditor

The FBI has arrested two men accused of conspiring to steal and launder over 4100 BTC (worth more than $230 million at the time) from an unnamed victim in the US capital. The investigation involved on-chain detective ZachXBT. According to his findings, on August 19, Malone Lam and Jeandiel Serrano targeted a creditor of the […]

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ForkLog 13 28.05.2024

Binance Sells Gopax Claims Against Genesis at a Steep Discount

In 2023, Binance sold Gopax clients’ claims against Genesis Global for less than half their nominal value, according to Hankyung, citing its own sources. In February 2023, Binance acquired a controlling stake in the troubled South Korean exchange Gopax. A condition of the purchase was to cover the losses of GoFi product users, who suffered […]

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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 4 29.10.2023

Gemini sues Genesis for access to more than 62 million GBTC shares worth $1.6 billion

Gemini filed a lawsuit against Genesis Global Capital, seeking access to more than 62 million GBTC shares worth $1.6 million.

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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 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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