Bitcoin24h $93,793.98+0.90%

Ethereum24h $3,220.29+1.04%

XRP24h $2.40+12.08%

BNB24h $906.40+0.74%

Solana24h $138.03+0.92%

TRON24h $0.2929-0.50%

Dogecoin24h $0.1516-0.13%

Cardano24h $0.4255+5.59%

Bitcoin Cash24h $645.17-0.65%

Chainlink24h $13.80+0.93%

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.

Genesis eyeing tax benefits after blocking DCG sale

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.

Crypto lender Genesis is hitting Gemini with more litigation, claiming the exchange received advantages over other creditors.

Bankrupt crypto lender Genesis filed for $1B in claims against defunct crypto hedge fund 3AC and has agreed to settle for $33M.