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Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor
20.1.2023
Crypto exchange FTX and it's affiliated subsidiaries owed Genesis Global Capital over $226 million, according to a recent filing
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...
Bitcoin, Ethereum Technical Analysis: BTC Back Above $21,000 Despite Genesis Bankruptcy
20.1.2023
Bitcoin crept back up to the $21,000 level on Friday, as volatility in the cryptocurrency market remained high. After falling by nearly 4% in Thursday’s session, the global market cap is up by 1.14% as of writing. This comes despite the news that crypto lender Genesis has recently filed...
Crypto lender Genesis files for bankruptcy
20.1.2023
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York
Crypto Lender Nexo to Pay $45M, Cease Offering EIP in Settlement With SEC
19.1.2023
Nexo began offering its Earn Interest Product to U.S. customers in June 2020
Crypto Brokerage Genesis Global Capital May Be Nearing Bankruptcy Filing: Reports
18.1.2023
Genesis had previously halted customer withdrawals following FTX's epic collapse
Crypto Lender Nexo Sues Cayman Island's Regulator for VASP Registration
17.1.2023
Nexo has sued the Cayman Islands Monetary Authority to overturn its rejection of Nexo's application to register as a virtual asset services provider
Crypto Lender Vauld Gets Another Extension for Submitting Restructuring Plan: Bloomberg
17.1.2023
Vauld has received bids from two digital asset fund managers to take over the beleaguered lender after talks with Nexo broke down
Troubled crypto lender Vauld gets extended creditor protection
17.1.2023
The company claims that the negotiations with potential crisis managers entered the “advanced stage.”
SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’
13.1.2023
The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions of dollars’ worth of crypto assets from...
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
13.1.2023
After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As...
Crypto lender Nexo wants to sue Bulgaria after office raids
13.1.2023
Nexo platform has reportedly experienced massive outflows amid the news on office raids and an ongoing investigation against the firm
Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria
12.1.2023
According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving...
Troubled Crypto Lender Genesis Owes Creditors Over $3B: FT
12.1.2023
As part of its fundraising efforts, DCG is reportedly looking at selling some of its venture capital portfolio, worth around $500 million
Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Offenses
12.1.2023
Authorities say they have evidence a Nexo user has been officially declared a terrorist financer
Uphold exchange denies owing millions to failed crypto lender Cred
12.1.2023
Cred sued Uphold in June 2022 over a jointly promoted crypto yield product called CredEarn
Despite SEC Objection, Court Greenlights Billion-Dollar Asset Purchase Deal Between Binance US and Voyager
12.1.2023
The asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital has reportedly received initial court approval despite objections from various regulators, including the U.S. Securities and Exchange Commission (SEC). Court Lets Binance US Buy Voyager’s Assets...
Judge Allows Binance US Bid to Buy Voyager Assets to Advance
11.1.2023
The exchange agreed in December to purchase the company after Voyager's deal with Sam Bankman-Fried's FTX fizzled
SEC Intervenes in Binance US Acquisition of Bankrupt Crypto Lender Voyager Digital’s Assets
6.1.2023
The U.S. Securities and Exchange Commission (SEC) has intervened in the asset purchase agreement between Binance US and bankrupt crypto lender Voyager Digital. The securities regulator explained that it is “formally investigating whether the debtors and others violated the anti-fraud...
Crypto lender Genesis lays off 30% more staff: Report
5.1.2023
Genesis announced in August that it planned to cut its then 260-person workforce by 20%, with CEO Michael Moro moving into an advisory role