Genesis Global Capital | ForkLog

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 6 18.08.2023

FTX and Genesis settle $175 million payment to Alameda Research

FTX and Genesis have reached an agreement to pay Alameda Research the remaining $175 million. The Block reports that this will pave the way for confirming the crypto-lending platform's restructuring plan.

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ForkLog 8 28.07.2023

FTX and Genesis reach in-principle agreement to settle bankruptcy claims

FTX and the crypto-lending platform Genesis have reached an in-principle agreement to settle the claims brought against the crypto exchange in its bankruptcy case.

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ForkLog 9 29.05.2023

Gemini and Genesis challenge SEC suit over Earn program

Genesis Global Holdco, undergoing bankruptcy proceedings, and the bitcoin exchange Gemini filed in court a motion to dismiss the SEC's lawsuit against their joint Earn program.

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ForkLog 7 22.05.2023

DCG misses $630m payment to Gemini Earn

The Digital Currency Group (DCG, Genesis' parent company) missed a $630 million payment to Gemini Earn users.

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ForkLog 10 04.05.2023

FTX seeks $4 billion from bankrupt Genesis

FTX lawyers filed a lawsuit against the bankrupt crypto-lending platform Genesis, demanding the return of $4 billion.

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ForkLog 8 01.05.2023

Gemini backs DCG’s push for pre-litigation settlement

Digital Currency Group (DCG), Genesis, the creditors' committee of the crypto-lending platform, and Gemini agreed to launch a 30-day mediation process. Representatives of the exchange expressed disappointment at the timeline. 2/ Gemini is supportive of mediation and working with the parties to bring this to a conclusion. We have also expressed our frustration on the record on the pace of progress among the parties and the need for urgency. The next status conference with the Court will be on May 4, 2023.

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ForkLog 4 25.04.2023

Genesis creditors reject February-approved restructuring plan

A group of Genesis creditors rejected the February-approved restructuring deal for the cryptolending platform and pressed for new terms. The statement came from the parent company, DCG.

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ForkLog 15 07.02.2023

Genesis reaches preliminary restructuring agreement with creditors, reports say

The DCG group and its bankrupt Genesis subsidiaries have reached a preliminary agreement on the terms of a restructuring plan with major creditors, CoinDesk reports.

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ForkLog 15 26.01.2023

Roger Ver says he can exercise a $21 million GGC option

"Bitcoin Jesus" and Bitcoin.com founder Roger Ver said he has $21 million that GGC International, tied to Genesis Global Capital, demanded be paid under an unexercised option from late 2022. The Block reports.

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ForkLog 17 25.01.2023

DCG-backed Luno to cut 35% of staff

London-based cryptocurrency exchange Luno, part of Barry Silbert's Digital Currency Group (DCG), plans to cut 35% of its staff, according to Marcus Swanepoel, the platform's CEO.

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ForkLog 9 25.01.2023

GGC International sues Roger Ver

GGC International, linked to Genesis Global Capital, accuses Bitcoin.com founder Roger Ver of failing to settle debts on cryptocurrency options trades. The suit was filed in the Supreme Court of the State of New York. Ver must respond within 20 days, or a default judgment may be entered.

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