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Results for Genesis

23 stories, newest first

Feb 6, 2024 — DCG, GBTC

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.

Nov 29, 2023 — DCG, Genesis

Genesis and DCG reach deal for overdue debt, creditors to vote

Barry Silbert's DCG has settled partial debt owed to Genesis, amid ongoing legal battles between the firms, Gemini, the SEC, and more.

Nov 22, 2023 — Gemini, Genesis

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.

Nov 13, 2023 — 3AC, Genesis

Genesis settles with 3AC to pay 96.7% less than the $1B it claimed

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

Oct 20, 2023 — Crypto, FTX

Genesis Block: FTX had more than prostitutes in Thailand

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

Oct 20, 2023 — Barry Silbert, Gemini

Timeline: Attorney General says Barry Silbert lied about risky Gemini Earn

According to the New York Attorney General's complaint, Silbert lied to Gemini Earn stakeholders about the finances of its partner, Genesis.

Sep 28, 2023 — Gemini, Genesis

Sources say Winklevoss twins withdrew $280M from Genesis before it collapsed

According to two sources, the Winklevoss twins withdrew the $280M from Genesis to allow Gemini Earn users to make immediate redemptions.

Jul 7, 2023 — DCG, Gemini

DCG fraudulently covered up 3AC-induced insolvency: Gemini lawsuit

Cameron Winklevoss has followed through on his promise to file a lawsuit against DCG, after its chief Barry Silbert failed to meet demands.

Jul 4, 2023 — Barry Silbert, DCG

Cameron Winklevoss makes Barry Silbert an offer he can’t refuse

Once again, Gemini co-founder Cameron Winklevoss has threatened DCG boss Barry Silbert with legal action -- this time, he means it.