Crypto Biz: SBF has his day in court; Barry Silbert accused of ‘stalling’ over frozen funds
The founder of FTX pleaded not guilty to all criminal charges related to the collapse of crypto exchange FTX.
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SBF Pleads Not Guilty, DCG-Gemini Fiasco Escalates, Bitcoin Stable Amid $17K: This Week’s Crypto Recap
The total cryptocurrency market capitalization managed to increase by around $17 billion in the past seven days. Interestingly enough, the gains came mostly on the back of altcoins. This is…
Genesis tells clients it needs more time on financial woes after Gemini demands action
Genesis interim CEO Derar Islim has sent a second letter to clients to say the crypto lender is working on its liquidity issues resulting from the FTX collapse, but they’re…
DCG Drama Recap: Winklevoss Letter, Grayscale Troubles, Class-Action Arbitration
Barry Silberts woes continue as Cameron Winklevoss ratchets up the pressure, Gemini Earn customers file for class-action arbitration, and Grayscales Ethereum Trust trades at its lowest discount ever. New Year,...
Gemini’s Cameron Winklevoss Insists Digital Currency Group Needs to Resolve Liquidity Issues in Open Letter to CEO Barry Silbert
Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, published an open letter to Digital Currency Group (DCG) CEO Barry Silbert on Jan. 2, 2022, stating that it had been 47…
3AC Co-Founder Zhu Su Accuses DCG of Being Criminally Fraudulent
Three Arrows Capital (3AC), a Singapore-based crypto hedge fund, became one of the many industry participants that went bankrupt in the bear market. At its peak, 3AC managed more than…
Bitvavo Claims DCG Has Liquidity Issues, Exchange Funds Unaffected
As the fallout from the FTX implosion continues to unfold across the pond, DCG Group is also said to be dealing with liquidity issues and has halted repayments “until liquidity…
Crypto lender Genesis has no solution yet for withdrawal halts
Genesis said it will take additional weeks to carve out a recovery path for its lending business.
Troubled Crypto Firm Genesis Owes Gemini’s Customers $900 Million (Report)
The cryptocurrency brokerage platform – Genesis – and its parent company Digital Currency Group (DCG), reportedly owe customers of Gemini approximately $900 million. Genesis has been coping with severe issues…
Report: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets
According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting…
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