DCG misses $600M payment to Genesis as Gemini seeks resolution
Major Genesis creditor Gemini says it’s considering to provide forebearance in order to avoid a default situation.
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FTX wants to claw back $2B given to GGC by SBF’s Alameda Research and more than $1.62B that was withdrawn from FTX before it went bust.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.