Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital Currency …
Winklevoss’ crypto exchange Gemini was exploring an option to merge with crypto broker Genesis to compete with Coinbase and FTX. In October 2022, just a month before FTX filed for …
Crypto venture giant Digital Currency Group (DCG) has submitted a request to dismiss the lawsuit brought by New York Attorney General Letitia James against the company. According to the NYAG, …
Court-Approved Asset Liquidation Amidst Bankruptcy Challenges Genesis Global receives court approval to sell $1.6 billion in Grayscale cryptocurrency trust shares, aiming to repay creditors amidst bankruptcy. Digital Currency Group, Genesis’s …
Digital Currency Group (DCG), the parent company of Grayscale Investments, reported a 59% surge in revenue in the fourth quarter of 2023. According to Bloomberg’s reports, the company sent a …
Genesis Global, a bankrupt cryptocurrency lender, has reached a settlement with New York Attorney General Letitia James over allegations of defrauding customers through its now-defunct Gemini Earn program. The latest …
CoinDesk CEO Kevin Worth was fired as part of a large-scale restructuring. According to CoinDesk, Worth, who has led crypto media since 2017, lost his job due to a restructuring …
New York Attorney General Letitia James has revised a lawsuit against Digital Currency Group (DCG) and its affiliate Gemini Trust Co., escalating the demand for restitution to $3 billion. This …
In a significant move towards financial stability, Digital Currency Group (DCG) announced that it completed the payoff of all short-term loans, totaling over $1 billion. Genesis received some $700 million …
Explore the list of crypto bankruptcies in 2023, including detailed insights into the collapse of major exchanges. It’s quite evident that crypto had one of its worst years in 2022. …