FTX seeks to claw back $4B from Genesis in a battle of the bankrupt
The bankrupt crypto exchange wants to recoup billions from the bankrupt crypto lender claiming it was “instrumental” to FTX’s “fraudulent” business model.
Auto Added by WPeMatico
Crypto lender Genesis files for bankruptcy
Crypto lender Genesis Global has become the latest firm to throw in the towel following the collapse of FTX, filing for Chapter 11 bankruptcy protection in New York.
Gemini and Genesis charged by SEC with selling unregistered securities
The charges relate to Gemini’s crypto asset lending program, Gemini Earn, according to the Securities and Exchange Commission.
Genesis Global halts withdrawals citing ‘unprecedented market turmoil’
The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.