genesis – Page 2 – DIGIT INFO

Winklevoss slams DCG’s Silbert — Not even SBF was ‘capable of such delusion’

In an open letter, Cameron Winklevoss slammed DCG’s Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers.

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Maple Finance announces direct lending to fill the void left by BlockFi, Celsius

The lending platform’s team will begin offering loans directly to some borrowers instead of relying solely on pool delegates to provide capital.

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Maybe Bitcoin didn’t bottom? SEC lawsuit against Binance shakes BTC bulls’ confidence

Bitcoin’s price dropped to $25,500 after the SEC announced a lawsuit against Binance and Changpeng Zhao, a move which also has BTC bulls wondering if the bottom is truly in.

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FTX debtors object Genesis’ ‘critical’ claim estimate of ‘$0.00’

The FTX debtors alleged that the claim was filed “without any advance notice,” and were not invited to participate in the mediation.

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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.

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Gemini ‘supportive’ of Genesis mediation, but frustrated over pacing

Genesis is starting a 30-day meditation with its key creditors as its bankruptcy proceedings are close to hitting the four-month mark.

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DCG losses top $1B on the back of 3AC collapse in 2022

The crypto conglomerate reported that falling crypto prices and the fallout from Three Arrows Capital’s loan default to Genesis affected its results.

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Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy

Following the recent court filing from liquidators for Three Arrows Capital (3AC) claiming frustration with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, one of the co-founders, recently tweeted about his new crypto venture, Open Exchange. The exchange aims to provide users with the ability to trade or […]

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Major Crypto ATM Operator Coin Cloud Files for Bankruptcy

One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files for Bankruptcy Cash Cloud Inc., a digital asset […]

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What creditors can expect from Genesis’ bankruptcy — and what others can learn

Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing.

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