(AP) - Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry. Genesis Global Holdco LLC and two of its ...
Digital Currency Group (DCG) said it's close to "reaching an agreement in principle to resolve the claims in the Genesis Capital Chapter 11 cases," according to a letter sent to shareholders Monday.
A bankruptcy judge approved a chapter 11 wind-down plan for Genesis Global that will pay back creditors about 77% of the same digital assets that they lent to the cryptocurrency lender before its ...
The parent of Genesis Global objected to the bankrupt cryptocurrency lender’s proposed chapter 11 plan, saying that certain unsecured creditors would be paid more than they are owed at the cost of the ...
Genesis Global Holdco LLC, the parent company of embattled crypto lender Genesis, filed for Chapter 11 bankruptcy protection late Thursday night in the Southern District of New York after it was ...
The Genesis lending business froze withdrawals last year in the aftermath of FTX's collapse, which, among other things, affected customers of a lending product from the Gemini exchange. The led to a ...
Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the announcement, the firm aims to enact “a global resolution to ...
Jan. 20 (UPI) --In a continued breakdown of the cryptocurrency industry, virtual lender Genesis filed for Chapter 11 bankruptcy late Thursday, listing liabilities of up to $11 billion. The filing ...
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. Cryptocurrency lender Genesis has ...
The crypto landscape has suffered another tectonic shift as crypto lender Gensis files for a Chapter 11 bankruptcy. This marks another company in the crypto space succumbing to the volatile nature of ...
Cryptocurrency broker Genesis has filed for Chapter 11 bankruptcy in the United States, becoming the latest casualty of the fallout from the implosion of Sam Bankman-Fried’s digital asset exchange FTX ...
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