Genesis sues parent company DCG, other affiliate for $600M in overdue loans
DCG borrowed $500,000 from its subsidiary last year and DCG Investments borrowed over 18,000 BTC and both have allegedly defaulted.
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US-based Genesis Global Trading will eliminate its crypto spot trading service
The company, an affiliate of Barry Silbert’s Digital Currency Group, has been providing crypto spot trading since 2013. Its closure is “for business reasons.”
Robinhood bought back Sam Bankman-Fried’s stake from US govt for $606M
The purchase of the 55 million Robinhood shares had been expected following approval from the company's board and a U.S. district court.
Genesis lenders call DCG agreement ‘wholly insufficient’
The agreement in-principle reached by DCG and creditors also said that the Ad Hoc Group and Gemini did not support the deal.
BlockFi opens crypto withdrawals for eligible US users following court order
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds.
Prime Trust bankruptcy spotted by crypto community months ahead
Months before Prime Trust filed for Chapter 11 bankruptcy, online sleuths in the crypto community were on the case and continue to follow the money.
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
The crypto custodian's bankruptcy comes as it's been unable to honor customer withdrawals for months.
Celsius customers to vote on settlement plan with Fahrenheit after judge gives okay
The settlement was reached in July and, if the customers agree, it will go before the court for approval in October.
3AC co-founder avoids contempt charges following evidence of Singaporean citizenship
Lawyers for Kyle Davies filed evidence that his U.S. citizenship had been renounced in 2021, which, according to a bankruptcy judge, left him outside the court's jurisdiction.
Core Scientific’s bankruptcy plan includes equity stake for Bitmain and Anchorage
If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity.
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