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Results for Crypto, Genesis

9 stories, newest first

Oct 20, 2023 — Crypto, FTX

Sam Bankman-Fried's trading desk empire extended all the way to Thailand through Genesis Block Thailand, a branch of the Hong Kong desk.

FTX wants to claw back $2B given to GGC by SBF's Alameda Research and more than $1.62B that was withdrawn from FTX before it went bust.

Feb 3, 2023 — Crypto, FTX

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.

Jan 12, 2023 — Crypto, Gemini

One creditor who pulled his funds from Genesis says he was lured back by emails from salespeople and incorrect monthly balance sheets.

Dec 20, 2022 — Crypto, DCG

If Genesis fails, $350 million of the $600 million owed to Todd Boehly's Eldridge would become due, according to the terms of the loan.

Dec 15, 2022 — Crypto, FTX

Bitvavo is due up to $300 million after Bahamas-based FTX collapsed, leaving Genesis Trading and Digital Currency Group owing $1.8 billion.

Nov 22, 2022 — Crypto, Genesis

Barry Silbert's Genesis has given very mixed messages since FTX's collapse, assuring all is well as things fall apart.

Nov 16, 2022 — Crypto, Genesis

Genesis Trading's crypto lending platform has shut down withdrawals amidst contagion from the collapse of FTX.

Genesis was one of the industry's most liquid and reputable OTC dealers but it's now struggling and just cut a fifth of its workforce.