Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down
By Dietrich Knauth NEW YORK (Reuters) - 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 Group, with no recovery
Crypto exchange Gemini says bankrupt Genesis moves to authorize sale of trust assets
By Gursimran Kaur (Reuters) - Cryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking authorization to monetize its interests in two Grayscale
Gemini tries to line up other creditors in new Genesis bankruptcy plan
By Kanjyik Ghosh (Reuters) - Cryptocurrency exchange Gemini is trying to rally other creditors behind a plan to wring more money out of bankrupt crypto lending firm Genesis' parent company, Digital Currency Group (DCG), The Information reported on Friday. The new proposal
Deadline set by crypto’s Winklevoss looms for Genesis repayment deal
By Hannah Lang (Reuters) - Time is running out for Digital Currency Group to agree on a deal to restructure its bankrupt crypto lending unit Genesis after its largest creditor Gemini - the crypto company founded by the Winklevoss twins -
Crypto lender Genesis lays off 30% of staff
A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo By Niket Nishant, Manya Saini and Anirban Chakroborti (Reuters) - Cryptocurrency firm Genesis has cut 30% of its workforce in a second round of layoffs in less than
Winklevoss says crypto broker Genesis negotiating in bad faith
Cameron Winklevoss speaks at a New York State Department of Financial Services (DFS) virtual currency hearing in the Manhattan borough of New York January 28, 2014. REUTERS/Lucas Jackson By Mrinmay Dey (Reuters) - Cameron Winklevoss, who founded crypto exchange Gemini Trust Co