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Genesis Global Capital, a cryptocurrency lender, has filed a lawsuit against its former business partner, Gemini Trust, seeking the recovery of over $689 million. The court filing, made late on…
Genesis claims Gemini made preferential transfers of about $689 million from Genesis and wants the court to “correct this unfairness.”
Over the past year, major crypto platforms have been losing C-suite members either to other firms or to other markets entirely. Kraken, Coinbase, Binance, and even FTX, prior to its…
New York Attorney General Letitia James has taken decisive action against major players in the cryptocurrency industry, filing a lawsuit against Gemini Trust, Genesis Global Capital, and Digital Currency Group…
This week’s Crypto Biz explores Kraken’s securities arm, Gemini’s expansion in India, Binance’s return to Belgium, and an oil company in Argentina investing in crypto mining.
The company cites the inability to meet regulators’ requirements but says it intends to return to the Dutch market.
The Winklevoss twins, founders of cryptocurrency exchange Gemini, reportedly withdrew over $280 million from their company’s bank, Genesis Global Holdco, in secret. This occurred months before the lender froze deposits…
Launched in May, the Gemini Gurgaon Hub has since added over 70 staff.
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery."
The ongoing dispute between prominent figures in the cryptocurrency industry has attracted the attention of United States investigators who were already conducting financial inquiries into one of the most renowned…