Tags: DCG

Genesis gets court nod to distribute $3B to creditors, covering 77% of the claims. Notably, DCG is excluded from the payout list.

A survey from DCG shows that 40% of voters want candidates to discuss crypto.

The recently amended lawsuit by NYAG claimed that investors were cheated out of $3 billion.

More institutional investors have come forward claiming damages from Genesis, tripling the NYAG’s initial fraud claim.

DCG said that it cannot support a plan that is “unlawful” and “deprives” the company of its “corporate governance rights.”

Genesis Global Trading will surrender its BitLicense and cease operations as part of a settlement agreement with the NYDFS.

Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment

DCG is currently under obligation to retain its stake in Genesis throughout the latter’s ongoing bankruptcy proceedings.

Grayscale is witnessing a major leadership shuffle amid active discussions with the SEC regarding the conversion of GBTC into spot Bitcoin ETF.

DCG must retain Genesis ownership until bankruptcy proceedings conclude. Genesis may lose $700M in tax benefits in certain scenarios.

Genesis Reaches Settlement With Parent Company DCG in $620M Lawsuit

If the judge signs off on it, DCG’s debt should be repaid in full by April.

Cryptocurrency exchange Bullish announced it acquired a 100 stake in the crypto media site CoinDesk. According to the Wall Street Journal, Bullish purchased CoinDesk from Digital Currency Group (DCG) for an undisclosed sum. 

New York Attorney General Letitia James filed suit against Gemini, Genesis Global Capital, and its parent group, DCG. James alleges these firms defrauded investors out of more than $1 billion. 

Genesis Terminates Crypto Spot and Derivatives Trading Services – What’s Going On?