Genesis

Genesis

Policy

Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M

Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX.

Genesis (Spencer Wing/Pixabay)

Videos

GROK Token Interest Climbs; Former FTX Execs Will Reportedly Start New Crypto Exchange

"CoinDesk Daily" host Jennifer Sanasie breaks down the hottest crypto headlines today, including the interest behind a token inspired by Grok AI, an artificial intelligence service by Elon Musk-owned social app X. The Wall Street Journal reports a new crypto exchange will be launched by former FTX executives. And, court documents show Genesis has agreed to settle $1 billion in claims by defunct hedge fund Three Arrows Capital. CoinDesk and Genesis are both owned by DCG.

CoinDesk placeholder image

Finance

Genesis, Three Arrows Capital Reach Agreement on $1B of Claims

The bankrupt crypto lender is seeking court approval to settle the claims with a $33 million payment to the defunct hedge fund, 3AC.

Genesis (Spencer Wing/Pixabay)

Videos

Two Genesis Creditors Describe Their Frustrations With the Bankrupt Crypto Lender

In this week's episode of Unchained, two Genesis creditors discuss their dealings with the lender and DCG, including the sales pitch that got them to give Genesis new loans after the 3AC debacle. CoinDesk and Genesis are both owned by DCG.

Unchained

Policy

Genesis’ New Liquidation Plan Is a Material Swerve, U.S. Government Says

The bankrupt crypto lender appears to be no longer seeking to reorganize, after a lawsuit from the New York Attorney General dimmed hopes of a deal with parent company DCG.

Genesis has unloaded its entire stake in GBTC (Danny Nelson/CoinDesk)

Finance

Sam Bankman-Fried Rebuffed Barry Silbert's and Celsius' Requests for Help, Ex-FTX CEO Testifies at His Trial

The crypto mogul served as a white knight for other struggling companies, though, before his empire fell, too.

Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Finance

Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC

Gemini has filed a lawsuit against Genesis over 60 million GBTC shares that were pledged as collateral.

Genesis (Spencer Wing/Pixabay)

Policy

Genesis Ordered to Comply With Terra Subpoena Within 5 Days

The crypto lender and trading firm failed to comply with requests made as part of a probe into Do Kwon's collapsed stablecoin, a New York judge said

Terraform Labs co-founder Do Kwon (CoinDesk TV)