Bankruptcy judge approves Genesis Global plan to refund $3 …
May 20, 2024 · A bankruptcy court judge has approved a plan by the cryptocurrency lender Genesis Global to return about $3 billion to its creditors and investors, including thousands of people who New York regulators say were defrauded by the company.
Crypto lender Genesis to return $3 billion to customers in …
May 18, 2024 · Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital...
Failed Crypto Firm Genesis Approved to Repay Creditors Billions
May 17, 2024 · Bankrupt crypto lender Genesis Global Capital won court approval of its plan to distribute billions of dollars in digital assets and cash to creditors, defeating a legal challenge brought by...
Genesis gets court approval to sell $1.6 bln in crypto trust shares
Feb 14, 2024 · Bankrupt crypto lender Genesis Global on Wednesday received permission from a U.S. court to sell about $1.6 billion in Grayscale cryptocurrency trust shares as part of its effort to repay...
Genesis to pay $2 billion to victims of alleged ... - CBS News
May 20, 2024 · Bankrupt cryptocurrency lender Genesis will repay $2 billion to hundreds of thousands of investors across the U.S. who were defrauded by the company, New York prosecutors said Monday.
Genesis completes restructuring, begins payouts - Banking Dive
Aug 5, 2024 · Bankrupt cryptocurrency lender Genesis Global Capital, along with sister companies Genesis Global Holdco and Genesis Asia Pacific, completed its restructuring and has begun the distribution of around $4 billion to creditors, the firm announced Friday.
Genesis Set to Return $3B Customer Assets in Finalized ... - CoinDesk
May 20, 2024 · Genesis recently secured court approval to distribute $3 billion in cash and crypto to its creditors, according to a recent filing, representing approximately 77% of the value of customer...
Bankrupt crypto lender Genesis gets OK to return billions in
May 19, 2024 · Bankrupt crypto lender Genesis Global Capital won court approval of its plan to distribute billions of dollars in digital assets and cash to creditors, defeating a legal challenge brought by...
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust ... - CoinDesk
Feb 5, 2024 · Bankrupt crypto lender Genesis filed a motion Friday asking a U.S. judge to approve the sale of over $1.6 billion in bitcoin (BTC), ether (ETH) and ethereum classic (ETC) held in Grayscale’s ...
SEC.gov | SEC Charges Digital Currency Group and Soichiro …
Jan 17, 2025 · According to the SEC’s order, in mid-June 2022, Three Arrows Capital, a crypto asset hedge fund and one of Genesis’s largest borrowers, defaulted on a margin call, which compromised Genesis’s business. DCG and Moro, however, downplayed the impact of the approximately $1 billion loss and exaggerated what DCG did to help Genesis in the ...