Genesis Global Capital | ForkLog

ForkLog 15 24.01.2023

Gemini lays off 10% of staff amid Genesis troubles

The cryptocurrency exchange Gemini laid off 10% of its staff amid the bankruptcy of the crypto-lending platform Genesis Global Capital.

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ForkLog 6 20.01.2023

Bybit chief refutes possible impact of Genesis bankruptcy on the exchange

Co-founder and CEO Ben Zhou commented on the community's reaction to the fact that the Bitcoin exchange had become one of Genesis Global's largest creditors in bankruptcy.

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ForkLog 18 20.01.2023

Genesis, part of Digital Currency Group, files for bankruptcy

Genesis Global Capital, the crypto-lending platform within the DCG holding, filed for bankruptcy protection under Chapter 11 of the U.S. Bankruptcy Code.

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ForkLog 7 19.01.2023

Genesis Global Capital prepares for bankruptcy, reports say

Genesis Global Capital, a crypto-lending platform within the Digital Currency Group (DCG), is preparing to declare insolvency. According to informed Bloomberg sources, the firm will do so in the coming days.

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ForkLog 11 12.01.2023

Financial Times: Genesis Global Capital owes creditors more than $3 billion

Genesis Trading's debt load exceeds $3 billion. As part of capital-raising efforts, the parent DCG is considering selling assets worth $500 million from its venture investment portfolio, according to the Financial Times, citing informed sources.

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ForkLog 12 09.01.2023

Journalists report that US authorities are investigating DCG’s activities

The SEC and the U.S. Department of Justice have begun examining the nature of Digital Currency Group's interactions with its subsidiary OTC platform Genesis Global Capital. Bloomberg reports this, citing informed sources.

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ForkLog 13 03.01.2023

Cameron Winklevoss Urges Barry Silbert to Settle the $900 Million Debt by January 8

Cameron Winklevoss urged Barry Silbert to settle the $900 million debt by January 8.

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ForkLog 9 19.12.2022

Bitvavo reports €280 million tied up at DCG

Bitvavo warns of liquidity problems at DCG and affiliates, due to which the platform cannot access its €280 million ($297 million).

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ForkLog 6 12.12.2022

Messari founder flags difficulties in ‘saving’ DCG

The decisive factor for Genesis Trading in settling its debt with its parent DCG is the precise withdrawal dates from Alameda Research's troubled OTC platform. This was stated by Messari founder and CEO Ryan Selkis.

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ForkLog 10 04.12.2022

FT reports Genesis and DCG owe Gemini clients $900 million

The cryptocurrency broker Genesis Global Capital and its parent company Digital Currency Group (DCG) owe Gemini clients $900 million. The Financial Times reports.

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ForkLog 4 30.11.2022

Bloomberg reports creditors’ plans to avert Genesis platform bankruptcy.

The creditors of the financially troubled OTC platform Genesis Trading are seeking options to avoid bankruptcy. Bloomberg reports, citing its own sources.

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ForkLog 67 25.11.2022

Luno says Genesis Global Capital crisis has had no impact on its business

The Digital Currency Group (DGC) cryptocurrency exchange Luno continues to operate at full capacity despite the liquidity crisis of Genesis Global Capital's sister OTC platform. This was stated to news24.com by its managing director Marius Reitz.

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