Tag: genesis bankruptcy

Cryptory.net - Genesis, a crypto lender that has become bankrupt, has initiated legal proceedings to recover a significant sum of $689.3 million from the cryptocurrency exchange known as Gemini.

Cryptory.net - Crypto lending firm Genesis will stop offering all of its crypto trading services from September 21, 2023.

According to a term sheet shared on Twitter by the co-founder of Gemini, creditors of crypto financial firm Genesis have suggested a comprehensive package of $1.5 billion, including forbearance payments and loans in dollars, bitcoin, and ether.

Cryptory.net - Michael Moro has made a comeback as CEO of a new crypto derivatives exchange over 8 months after stepping down from his position at Genesis Trading.

On March 3, the cryptocurrency market dyed red with the plunge of major coins. The reason is supposedly related to negative news of Silvergate Bank.

After declaring bankruptcy at the end of January, Genesis and parent company DCG reached a debt restructuring agreement with the main creditors.

Cryptory.net - Genesis Global Capital is being investigated by US securities regulators, Barron reported on November 25.

CEO Changpeng Zhao (CZ) said that Binance is targeting a recovery fund worth about $1 billion to help struggling crypto companies.