Genesis

DCG opposes Genesis’ restructuring plan, alleging favoritism towards certain creditors. DCG raises legal concerns and objects to the plan’s unfairness.

Genesis Global Capital, a bankrupt crypto lender, seeks approval to sell $1.6B worth of trust assets including GBTC, ETHE, and ETCG. By selling these assets, Genesis aims to mitigate price fluctuations and maximize funds for distribution to creditors.

Genesis seeks court approval to dispose of $1.4 billion in GBTC assets following SEC settlement. The move aims to mitigate risks and distribute funds more efficiently to creditors. The sale has consent from bankruptcy court committee, ad hoc group, and Gemini, but requires approval from Grayscale.

Genesis’s $21 million settlement with the SEC addresses allegations of unregistered securities sales. This crucial step demonstrates the company’s commitment to restructuring and stabilizing its operations in the volatile crypto market. Despite additional legal challenges, Genesis aims to regain trust and stability through resolving disputes and focusing on future growth.

Genesis Global Capital sues Gemini Trust to recover $689M in ‘preferential transfers’. Learn about the ongoing legal battle and contentious relationship between the two companies.

Genesis Global Capital alleges preferential crypto withdrawals by Gemini in a $689M legal battle. Learn about the complaint and the quest for equitable treatment.

Gemini sues Genesis over $1.6B worth of GBTC shares, alleging harm to Earn users. Lawsuit seeks control of shares to satisfy customer claims.