Tag: Genesis Trading

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.

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.

Cryptory.net - Genesis Trading, a well-known crypto lending platform, is said to have attempted to raise more cash before it suspended withdrawals.

Cryptory.net - Genesis Trading and Gemini Earn are the two latest names to announce the suspension of withdrawals due to negative impacts of the FTX crash.