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Fairfax County, Virginia Pension Funds Exposed to Genesis Bankruptcy

20.1.2023
Two Washington, DC-area pensions invested $35 million in a VanEck fund listed as a Genesis creditor

Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure

20.1.2023
The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect information," Cumberland tweeted

Ex-FTX US Head Raises $5M for Startup Months After Exchange Collapse

20.1.2023
Investors included the venture arms of Coinbase and Circle, a former FTX portfolio company

Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B

20.1.2023
The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit

20.1.2023
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations...

FTX to Reopen its Crypto Exchange Business? New CEO John Ray III Says He’s Open to the Idea

20.1.2023
Speculation is mounting over whether FTX could reopen to users, after the company’s new CEO, bankruptcy expert John Ray II, said he is open to the idea. “Everything is on the table. If there is a path forward on that, then we will not only explore that, we’ll do it,” Ray said with regards to...

Former FTX Lawyer Opposes Hiring Sullivan & Cromwell for Bankruptcy

20.1.2023
Individual objectors have sought to delay an FTX hearing in the United States Bankruptcy Court in the district of Delaware scheduled at 10:00 a.m. EST on January 20, 2023 expected to be about whether FTX can retain the services of New York law firm Sullivan & Cromwell (S&C) amid allegations from...

Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy

20.1.2023
The Gemini CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan

Genesis Owes Over $3.5B to Top 50 Creditors

20.1.2023
Genesis has over 100,000 creditors between the of its companies that declared bankruptcy

Genesis' Crypto Lending Businesses Files for Bankruptcy Protection

20.1.2023
The collapse of FTX was the final straw for Genesis, which earlier this year suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital

Former FTX chief lawyer claims US legal counsel channeled business to S&C

20.1.2023
The former chief regulatory officer of FTX has supported a motion that would stop FTX from using Sullivan & Cromwell LLC as its lead bankruptcy counsel

Huobi, Confirming Justin Sun as Leader, Takes Aim at 'Rat Trading'

19.1.2023
Singapore-based exchange Huobi confirmed Thursday that Justin Sun, founder and CEO of Tron, and one of the richest people in crypto, is not just a member of the Global Advisory Board, but is leading the exchange

Gemini’s Bitcoin Inflows From Other Exchanges Dropped to Roughly Six-Year Low, CryptoQuant Data Shows

19.1.2023
Gemini’s 30-day simple moving average of its BTC inflows from accounts on other exchanges suggest traders find Gemini less desirable than other exchanges

Alameda-Connected Bank Exits Crypto Business

19.1.2023
The sister company of collapsed crypto exchange FTX had taken an $11.5M stake in tiny Washington State-based Farmington State Bank in January 2022

New FTX CEO Discusses Possibility of Rebooting Defunct Crypto Exchange in First Interview Since Taking Over

19.1.2023
Following recent disclosure that FTX debtors and bankruptcy administrators located $5.5 billion in liquid assets, the new FTX CEO John J. Ray III discussed the business in his first interview since taking over the exchange’s restructuring process. Ray detailed during the interview that he...