Genesis wants Gemini’s $700M in ‘unfair’ transfers made before bankruptcy
Crypto lender Genesis is hitting Gemini with more litigation, claiming the exchange received advantages over other creditors.
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Crypto lender Genesis is hitting Gemini with more litigation, claiming the exchange received advantages over other creditors.
According to the New York Attorney General's complaint, Silbert lied to Gemini Earn stakeholders about the finances of its partner, Genesis.
According to two sources, the Winklevoss twins withdrew the $280M from Genesis to allow Gemini Earn users to make immediate redemptions.
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.
FTX wants to claw back $2B given to GGC by SBF's Alameda Research and more than $1.62B that was withdrawn from FTX before it went bust.
The billionaire rockers recently heard reports that Gemini may soon be unable to get a bank account with JP Morgan Chase.
Genesis Global has voluntarily filed for bankruptcy, along with its crypto lending arm, as parent firm DCG faces rising financial distress.
One creditor who pulled his funds from Genesis says he was lured back by emails from salespeople and incorrect monthly balance sheets.