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Bitcoin Holds Firm Over $21K as DCG Responds to Genesis' Chapter 11 Filing

The price of bitcoin is remaining calm, after Genesis’ crypto lending businesses file for bankruptcy protection. In a statement on Friday, DCG said that neither it nor any of its employees, including those on Genesis’ board of directors, were involved in the decision to file for bankruptcy, and that DCG would continue to operate “business as usual." DCG is the parent company of CoinDesk and Genesis.

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Policy

Что ждет Genesis Creditors? Это зависит от того, что указано в заявлении о банкротстве

Эрик Снайдер, партнер Wilk Auslander, сообщил CoinDesk TV, что на выяснение активов и обязательств Genesis может «потребоваться много времени».

(CoinDesk TV)

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Bankrupt Crypto Lender Genesis Claims $5.1B in Liabilities

Crypto lending firm Genesis held $5.1 billion in liabilities in the weeks following its freeze on withdrawals last November, according to court documents signed by interim CEO Derar Islim. This comes as three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday. "The Hash" panel discusses the latest in Genesis' bankruptcy. DCG is the parent company of CoinDesk and Genesis.

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Next Steps After Genesis’ Crypto Lending Businesses File for Bankruptcy

Genesis Global Holdco LLC, the holding company of cryptocurrency lender Genesis Global Capital, files for Chapter 11 bankruptcy protection. Wilk Auslander LLP Partner Eric Snyder discusses the next steps for the troubled lender and how the dispute between Gemini, one of the creditors, and Digital Currency Group (DCG) could potentially be resolved. DCG is the parent company of Genesis and CoinDesk.

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Genesis’ Crypto Lending Businesses File for Bankruptcy Protection

Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection in New York after being pummeled by two of 2022's biggest industry collapses. CoinDesk News Desk Managing Editor Danny Nelson discusses what we know so far. DCG is the parent company of CoinDesk and Genesis.

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Finance

Genesis заявляет о долгах в размере 5,1 млрд долларов США в рамках заявления о банкротстве в первый день

Три институциональных Криптo компании в четверг вечером подали заявления на защиту в соответствии с главой 11.

(Genesis Trading, modified by CoinDesk)

Videos

Legal Expert on Genesis' Crypto Lending Unit Filing For Bankruptcy

Wilk Auslander LLP Partner Eric Snyder discusses the legal and industry implications of Genesis Global Holdco LLC, the holding company of crypto lender Genesis Global Capital, filing for Chapter 11 bankruptcy protection. He also weighs in on Gemini CEO Cameron Winklevoss threatening to sue DCG CEO Barry Silbert over the repayment of a $900 million loan. DCG is the parent company of CoinDesk and Genesis.

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Finance

Кэмерон Уинклвосс из Gemini угрожает судебным иском генеральному директору DCG после подачи заявления о банкротстве Genesis

Генеральный директор биржи уже несколько недель находится втянут в публичную ссору с DCG из-за погашения кредита в размере 900 миллионов долларов.

Tyler and Cameron Winklevoss (Joe Raedle/Getty Images)

Finance

Криптo бизнес Genesis подал заявление о банкротстве

Крах FTX в конце 2022 года стал последней каплей для Genesis, которая, как сообщается, ранее в том же году понесла убытки в несколько сотен миллионов долларов из-за своего риска банкротства Криптo хедж-фонда Three Arrows Capital.

(Genesis Trading, modificado por CoinDesk)

Videos

New FTX CEO Trying to 'Clear the Wreckage' After Crypto Exchange Collapse: Lumida CEO

New FTX CEO John J. Ray III is exploring the possibility of restarting the bankrupt crypto exchange, according to an interview with the Wall Street Journal. Lumida CEO and co-founder Ram Ahluwalia discusses the possibilities of FTX's comeback and Genesis Global Capital's reported bankruptcy concerns. Plus, why he thinks a key idea about securities law "is being lost" in the Gemini and Genesis debate. DCG owns Genesis and CoinDesk.

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