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Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst Crypto Turmoil
22.11.2023
In a recent legal move, Digital Currency Group’s (DCG) subsidiary Genesis Global Capital LLC has filed a complaint against the crypto exchange platform and custodian Gemini. Genesis hopes to claw back $689 million from the centralized crypto trading platform founded by Cameron and Tyler Winklevoss...
Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M
22.11.2023
Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million
Crypto Exchange Bullish Completes Purchase of CoinDesk: WSJ
20.11.2023
Bullish, which is run by former NYSE President Tom Farley, bought 100% of CoinDesk from crypto-focused venture capital firm DCG in an all-cash deal
DCG Hires Former Trump Impeachment Counsel in Defense Against NYAG Civil Lawsuit
1.11.2023
Digital Currency Group (DCG) has found itself under intense legal scrutiny after it was confronted with a civil lawsuit filed by New York Attorney General Letitia James on October 19. In an attempt to challenge the allegations, DCG has enlisted renowned litigator Barry Berke, who previously served...
Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial
27.10.2023
DCG, Genesis Were the ‘Adults in the Room’ but Didn’t Behave Like It
19.10.2023
Gemini, Genesis, DCG Face $1B Fraud Lawsuit by NY Attorney General; Gemini Says It’s the ‘Victim’ in Scandal
19.10.2023
New York Attorney General Letitia James filed a lawsuit against crypto companies Gemini Trust Company, Genesis Global Capital, and its parent company Digital Currency Group (DCG) for allegedly defrauding over 230,000 investors out of more than $1 billion. The lawsuit claims the companies lied about...
Genesis Terminates Crypto Spot and Derivatives Trading Services – What’s Going On?
15.9.2023
Digital Currency Group’s Genesis that went bankrupt in January this year, continues to get hit by the bear crypto market. The digital assets lender is winding down its cryptocurrency spot and derivative trading business completely....
Read More: Genesis Terminates Crypto Spot and Derivatives...
Genesis Has Ceased All Crypto Trading Services: Spokesperson
14.9.2023
Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan
13.9.2023
A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”
Bitcoin derivatives data suggests BTC price holds the current range
12.9.2023
BTC investor sentiment turns increasingly bullish after this week’s quick rebound from a sharp price correction
Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment
7.9.2023
Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600 million.
Genesis, which declared bankruptcy in January this year following...
Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline
5.9.2023
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support
Gemini and Two Other Creditor Groups Object to Genesis' Bankruptcy Resolution Proposal
31.8.2023
Crypto exchange Gemini has objected to Genesis' bankruptcy resolution proposal, claiming that the plan lacks necessary specifics and fails to offer adequate assurances to its major debtors.
Gemini has joined two other creditor groups in objecting to the proposed agreement.
As reported earlier...
Gemini and Two Other Creditor Groups Object to Genesis' Bankruptcy Resolution Proposal
31.8.2023
Crypto exchange Gemini has objected to Genesis' bankruptcy resolution proposal, claiming that the plan lacks necessary specifics and fails to offer adequate assurances to its major debtors.
Gemini has joined two other creditor groups in objecting to the proposed agreement.
As reported earlier...
DCG Reaches Crucial In-Principle Deal With Genesis Creditors, Recoveries Could Be Up to 90%
29.8.2023
Digital Currency Group (DCG) and Genesis creditors have reached a deal in principle to resolve the claims in the Genesis Capital Chapter 11 cases, according to a court filing on Tuesday
'Good Luck' Convincing a Jury: Cameron Winklevoss Rebuts DCG Court Filing
11.8.2023
His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini's Earn lending service
DCG and Barry Silbert Seek Dismissal of Lawsuit by Gemini Trust Company Over Alleged Misrepresentations
11.8.2023
Digital Currency Group (DCG) has filed a motion to dismiss Gemini's lawsuit, claiming fraud by the company and its founder, Barry Silbert, through DCG's subsidiary, Genesis, which held funds for Gemini's Earn program.
On July 7, Gemini and its founders, Cameron, and Tyler Winklevoss, filed...
Digital Currency Group Strikes Back: Motion to Dismiss Gemini’s Lawsuit Filed
11.8.2023
Digital Currency Group (DCG) has filed a motion to dismiss the lawsuit brought against them by Gemini Trust Company, LLC. The motion, filed in the Southern District of New York, argues that Gemini’s allegations of fraudulent misrepresentations related to the Gemini Earn program are without...
Digital Currency Group Files to Dismiss Crypto Exchange Gemini’s Fraud Claims
10.8.2023
DCG called Gemini’s July complaint a continuation of a “public relations campaign” carried out by the exchange’s owners, Cameron and Tyler Winklevoss