Binance Accused Of Illegally Selling Genesis Claims, Implicating $70 Million
According to local media reports, Binance, the world’s largest cryptocurrency exchange, is accused of mishandling victims’ assets and the unauthorized sale of crypto.
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Genesis Set To Return $3 Billion In Customer Assets With Finalized Bankruptcy Liquidation Plan
Genesis will return $3 billion in customer assets under a court-approved liquidation plan. This represents 77% of the value of customer claims. Bankruptcy.
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Failed Crypto Lender Genesis To Repay $3B To Creditors In Bankruptcy Case
Judge Sean Lane greenlit Genesis Global’s Chapter 11 plan on Friday, allowing the failed crypto lender to repay creditors roughly $3b in crypto.
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NY Bankruptcy Judge Permits Genesis To Liquidate $1.3B Worth of GBTC Stock To Compensate Investors
A New York bankruptcy judge has granted Genesis Global Holdco permission to liquidate roughly $1.3 billion worth of Grayscale Bitcoin Trust (GBTC) stock.
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Genesis Agrees To Settle SEC Lawsuit For $21 Million
Genesis Global and its affiliated entities have settled the lawsuit with the Securities and Exchange Commission (SEC), agreeing to a $21 million penalty.
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DCG Announces Successful Repayment of Genesis’ Loans, Clears $1B Debt
The Digital Currency Group (DCG) has announced completing a payoff of all short-term loans from its bankrupt subsidiary Genesis, according to its official.
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Court Prevents DCG From Altering Genesis Ownership
In a recent legal development, a judge has ruled that Digital Currency Group (DCG) is prohibited from making ownership changes within Genesis.
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Genesis, Digital Currency Group Strike Repayment Deal To End $620M Lawsuit
Bankrupt crypto lender Genesis and its parent company, Digital Currency Group (DCG), has struck a deal that could end an ongoing lawsuit to.
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Zipmex Exchange Halts Operation In Thailand Over SEC Compliance Issue
Zipmex has halted its trading operation in Thailand, according to a message the exchange posted on its Facebook page. The exchange cites compliance.
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Genesis Sues Gemini, Seeking About $690 Million In ‘Preferential Transfers’
Genesis Global Capital, a crypto brokerage firm owned by Digital Currency Group (DCG), is seeking $689 million from Gemini, saying the Winklevoss-founded crypto.