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As FTX seeks clawbacks on political donations, Digital Currency Group and its bankrupt subsidiary, Genesis Global Trading, have reached an agreement on restructuring. Go to Source Powered by WPeMatico
Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
The seven-member committee will represent the creditors in court, having the right to participate in the reorganization plan. Go to Source Powered by WPeMatico
Genesis CEO Barry Silbert should have come clean after FTX imploded. Instead, he’s still deflecting responsibility for his company’s bankruptcy. Go to Source Powered by WPeMatico
Cryptocurrency exchange Luno fired 330 employees on Jan. 25, joining other DCG companies in cutting headcount. Go to Source Powered by WPeMatico
Amid Genesis going through its first bankruptcy hearings, a group of creditors have slapped the firm with a new class action lawsuit. Go to Source Powered by WPeMatico
A lawyer for Genesis is optimistic it can resolve creditor disputes before the week is out while the firm could exit bankruptcy proceedings in four months. Go to Source Powered by WPeMatico
A special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection. Go to Source Powered by WPeMatico
FTX’s debtors are applying “Herculean” effort to unearth the exchange’s remaining assets. Meanwhile, Sam Bankman-Fried claims FTX US is solvent. Go to Source Powered by WPeMatico
