Genesis entity going up for sale as DCG makes creditor pact
Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval.
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Digital Currency Group (DCG) plans to hand Genesis its stake in the Genesis Global Trading business entity which will then be sold, pending court approval.
The decision did not address the question of whether the 79 tokens in questions were securities, but dismissed claims based on the Securities and Exchange Acts.
The new class action lawsuit aims to help BAYC and APE buyers get compensation from Yuga Labs due to the firm allegedly misleading investors.
The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance.
FTX’s legal team from Sullivan & Cromwell has 150 people on the bankruptcy case, with thirty partners reportedly charging more than $2,000 per hour.
Joseph Bankman, Barbara Fried and Gabriel Bankman-Fried could reportedly face questions in bankruptcy court about any financial benefits they may have received from FTX.
The lawsuit marks the fourth time the Mango Markets exploiter has been hit by charges or lawsuits relating to his attack on the DeFi protocol.
The documents previously censored financial information relating to FTX and Alameda Research, but uncensored copies were released by mistake.
Grayscale had expected it wouldn’t be able to voice arguments until the second quarter, and is calling the quicker timeline “welcome news.”
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.