Crypto Biz: FTX clawbacks, Genesis silver lining?
As FTX seeks clawbacks on political donations, Digital Currency Group and its bankrupt subsidiary, Genesis Global Trading, have reached an agreement on restructuring.
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Genesis and Gemini Reach Agreement in Principle
After weeks of tense back-and-forths, Digital Currency Group, Genesis, and Gemini seem to have reached an agreement as to a possible restructuring planwhich still needs court approval. A Positive Step...
What creditors can expect from Genesis’ bankruptcy — and what others can learn
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing.
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.
Genesis unsecured creditors’ committee appointed
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan.
Opinion: Barry Silbert keeps quiet as Genesis goes down in flames
Opinion: Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy.
DCG companies have laid off over 500 employees as contagion spreads
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcounts.
Genesis creditors file securities lawsuit against Barry Silbert and DCG
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit.
Genesis’ bankruptcy filing was decided by independent committee according to DCG
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
Opinion: Digital Currency Group’s Genesis implosion: What comes next?
Genesis, a subsidiary of Barry Silbert's Digital Currency Group, filed for Chapter 11 bankruptcy on Jan. 19. Its default could have big implications for the crypto industry.