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.
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.