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Category Genesis withdrawals

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Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’

Crypto Lender Genesis Requests US Bankruptcy Court to Approve ‘Settlement Principle’

The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 2...
Mar, 20, 2024
by Bitcoin News
Genesis Faces $21 Million Penalty As SEC Charges Are Settled

Genesis Faces $21 Million Penalty As SEC Charges Are Settled

Crypto lender Genesis Global, has agreed to a final judgment imposing a $21 million civil penalty and a permanent injunction as part of a settlemen...
Mar, 19, 2024
2 min read
by Bitcoinist
Genesis Bankruptcy Plan Faces Criticism As DCG Alleges ‘Overpayment’ Of Customer Claims

Genesis Bankruptcy Plan Faces Criticism As DCG Alleges ‘Overpayment’ Of Customer Claims

In a recent development, Digital Currency Group (DCG), the parent company of bankrupt crypto lender Genesis Capital, has objected to Genesis’ bankr...
Feb, 07, 2024
2 min read
by Bitcoinist
Genesis Launches New Lawsuit Against Gemini For ‘Unfair’ $700M Transfers Before Bankruptcy

Genesis Launches New Lawsuit Against Gemini For ‘Unfair’ $700M Transfers Before Bankruptcy

In a dramatic turn of events, bankrupt crypto lender Genesis has initiated a new legal battle against its long-standing rival, Gemini. The lawsuit ...
Nov, 23, 2023
2 min read
by Bitcoinist
Genesis Reaches $1 Billion Settlement With Bankrupt Hedge Fund 3AC

Genesis Reaches $1 Billion Settlement With Bankrupt Hedge Fund 3AC

In a recent development, bankrupt crypto lender Genesis has settled with defunct crypto hedge fund Three Arrows Capital (3AC), ending a months-long...
Nov, 13, 2023
2 min read
by Bitcoinist
Gemini Files Lawsuit Against Genesis Over Disputed $1.6 Billion Bitcoin Trust Shares

Gemini Files Lawsuit Against Genesis Over Disputed $1.6 Billion Bitcoin Trust Shares

In a recent development, crypto exchange Gemini has filed a lawsuit against the crypto platform Genesis Global about the ownership of shares in the...
Oct, 27, 2023
2 min read
by Bitcoinist
BREAKING: Genesis Halts Withdrawals And Settles $175M Claim With FTX

BREAKING: Genesis Halts Withdrawals And Settles $175M Claim With FTX

According to recent reports, cryptocurrency company Genesis has suspended customer withdrawals in its lending unit, adding to the already tumultuou...
Oct, 12, 2023
1 min read
by Bitcoinist

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