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Gemini agrees to return over $1 billion to earn program customers in settlement
In a significant development in the ongoing saga surrounding the Genesis Global Capital (GGC) bankruptcy, cryptocurrency exchange Gemini has announ...
Mar, 01, 2024
2 min read
by CryptoPolitan
Gemini Announces $1.8 Billion Recovery Plan for Earn Users, Reaches In Principle Settlement with Genesis
Gemini has announced its settlement with Genesis, plans to return $1.8 billion to Earn users, with the first distributions expected within two mont...
Feb, 29, 2024
2 min read
by Cryptonews
Genesis Seeks Green Light from Bankruptcy Court for $1.4 Billion GBTC Share Sale
Crypto lender Genesis Global Capital, currently undergoing bankruptcy proceedings, has requested permission to sell trust assets worth approximatel...
Feb, 04, 2024
2 min read
by Cryptonews
Genesis Settles SEC Lawsuit, Agrees to $21 Million Civil Penalty for Earn Product
Genesis Global and its affiliated entities have reached a settlement with the United States Securities and Exchange Commission (SEC), agreeing to p...
Feb, 02, 2024
3 min read
by Cryptonews
Genesis And DCG Strike Repayment Deal
If the judge signs off on it, DCG’s debt should be repaid in full by April.
Nov, 29, 2023
2 min read
by CryptoPotato
Genesis and FTX navigate through a $175M settlement amidst a sea of billion-dollar claims
In a pivotal moment for the cryptocurrency industry, a New York bankruptcy judge has sanctioned a settlement agreement between two beleaguered cryp...
Oct, 13, 2023
3 min read
by CryptoPolitan
Genesis Announces Suspension Of Customer Withdrawals
The announcement comes after the court approved a $175 million settlement between Genesis and bankrupt cryptocurrency exchange FTX.
Oct, 13, 2023
2 min read
by Crypto Daily
Genesis Halts Withdrawals Amidst Legal Tussle with FTX
Genesis Global Trading (GGC) has come to an agreement with FTX. Consequently, Genesis is slated to pay a massive $175 million to FTX. This move fol...
Oct, 12, 2023
< 1 min read
by Coingape
$175 Million Settlement Between Genesis and FTX Approved
FTX-affiliated Alameda Research to receive $175m from GGC in settlement, significantly reducing original $3.9bn claims.
Oct, 12, 2023
2 min read
by CryptoPotato
FTX to receive $175M and withdraw up to $1B in other claims against Genesis
The bankruptcy estate of crypto lending firm Genesis Global Capital has submitted a proposed order to implement the company’s settlement agreement ...
Oct, 12, 2023
2 min read
by CryptoSlate