DCG objects to extra payouts for special Genesis creditors
Barry Silbert's DCG has asked the court to throw out Genesis' bankruptcy plan, which hands out more cash to a select group of creditors.
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Barry Silbert's DCG has asked the court to throw out Genesis' bankruptcy plan, which hands out more cash to a select group of creditors.
Read more (2 min) →Genesis stands to benefit from $700 million of “federal net operating loss carryforwards,” if DCG keeps hold of at least 80% of the firm.
Barry Silbert's DCG has settled partial debt owed to Genesis, amid ongoing legal battles between the firms, Gemini, the SEC, and more.
Cameron Winklevoss has followed through on his promise to file a lawsuit against DCG, after its chief Barry Silbert failed to meet demands.
— Barry Silbert, DCG
Once again, Gemini co-founder Cameron Winklevoss has threatened DCG boss Barry Silbert with legal action -- this time, he means it.
Major Genesis creditor Gemini says it's considering to provide forebearance in order to avoid a default situation.
Genesis Global has voluntarily filed for bankruptcy, along with its crypto lending arm, as parent firm DCG faces rising financial distress.
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.