Genesis

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.

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.

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.

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.

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.

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.

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 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

