Tags: Genesis

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

Gemini Earn customers may be closer to getting their funds back, following a recent settlement between New York regulators and Gemini.

Sales will be executed gradually under broker guidance to prevent sudden share dumping, which could negatively impact prices.

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.”

Crypto lender Genesis seeks court approval to sell trust assets worth $1.6B, with GBTC shares comprising nearly $1.4B.

The agreement lets Genesis avoid expenses from the SEC lawsuit and prioritize repaying customers and creditors.

Genesis Global Trading Settles with NYDFS, Pays $8 Million Penalty, and Surrenders BitLicense

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

Digital Currency Group has Settled Over $1 Billion in Debt, Including $700 Million Owed to Bankrupt Genesis

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