Genesis
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.
Cameron Winklevoss, de Gemini, amenaza con iniciar acciones legales contra el CEO de DCG tras la declaración de quiebra de Genesis
El CEO del exchange lleva semanas en disputas públicas con DCG por el pago de un préstamo de US$900 millones.
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.
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.
Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing
Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday.
Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy
Two pension funds from the county invested $35 million in a VanEck fund listed as a Genesis creditor.
Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect information," Cumberland tweeted.
Empresas de préstamos de criptomonedas de Genesis se declaran en quiebra
El colapso de FTX de finales de 2022 fue la gota que rebalsó el vaso para Genesis, que a principios de ese año había sufrido pérdidas de varios cientos de millones de dólares debido a su exposición al fallido fondo de cobertura de criptomonedas Three Arrows Capital.
