DCG fraudulently covered up 3AC-induced insolvency: Gemini lawsuit
Cameron Winklevoss has followed through on his promise to file a lawsuit against DCG, after its chief Barry Silbert failed to meet demands.
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Cameron Winklevoss has followed through on his promise to file a lawsuit against DCG, after its chief Barry Silbert failed to meet demands.
Read more (3 min) →Major Genesis creditor Gemini says it's considering to provide forebearance in order to avoid a default situation.
Prior to the bankruptcy, many Genesis creditors said they still believed they'd be able to get all or most of what they had deposited back.
One creditor who pulled his funds from Genesis says he was lured back by emails from salespeople and incorrect monthly balance sheets.
Bitvavo is due up to $300 million after Bahamas-based FTX collapsed, leaving Genesis Trading and Digital Currency Group owing $1.8 billion.