WebJan 20, 2024 · $3.5 Billion in Liabilities After months of uncertainty, Genesis has finally capitulated. Troubled crypto lending firm Genesis Global Capital filed for Chapter 11 bankruptcy protection yesterday in the U.S. Bankruptcy Court … WebAug 5, 2024 · As for the remaining assets, crypto broker Voyager Digital said that the bankruptcy estate will distribute the funds to creditors. Bankrupt Crypto Broker Voyager Digital Approved to Return $270 million to Clients - Decrypt
DCG’s crypto lending subsidiary Genesis files for bankruptcy …
WebJan 20, 2024 · Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry By … WebJan 20, 2024 · Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry. … northern tool zephyrhills
Crypto lending unit of Genesis files for U.S. bankruptcy
WebApr 9, 2024 · In January 2024, Genesis Global Capital filed for Chapter 11 bankruptcy.1 A few days before that, the U.S. Securities and Exchange Commission charged Gemini and Genesis with illegally raising funds from retail investors via the now-terminated Gemini Earn program.2 Users deposited crypto in an Earn account and loaned it to Genesis in … WebJan 20, 2024 · Last year, Genesis extended $130.6bn in crypto loans and traded $116.5bn in assets, according to its website. Its two biggest borrowers were Three Arrows Capital, a … WebJan 20, 2024 · The New York-based firm had extended crypto loans to Three Arrows Capital (3AC) and Alameda Research, the hedge fund started by Sam Bankman-Fried and closely … how to salvage a boat