DCG

genesis-acquires-over-32,000-btc-after-offloading-gbtc-shares
Posted by | April 7, 2024
Genesis Acquires Over 32,000 BTC After Offloading GBTC Shares

Embattled crypto lender Genesis Global Capital has continued to ramp up efforts to pay up creditors after filing for bankruptcy protection in January 2023. As part of these efforts, Genesis...

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Posted by | February 10, 2024
New York Attorney General Triples the Size of Genesis and Digital Currency Group’s Alleged Fraud in New Amended Complaint

In a newly amended complaint, New York State Attorney General (AG) Letitia James alleges that investment giant Digital Currency Group (DCG) and its affiliate Genesis defrauded some 230,000 investors out...

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Posted by | February 9, 2024
Dark Twist In Digital Currency Group Case: NYAG Pursues $3 Billion Restitution

New York Attorney General Letitia James has expanded the state’s lawsuit against Digital Currency Group ( DCG ) and tripled the estimated size of alleged fraud to more than $3...

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Posted by | February 6, 2024
Genesis Bankruptcy Plan Faces Criticism As DCG Alleges ‘Overpayment’ Of Customer Claims

In a recent development, Digital Currency Group (DCG), the parent company of bankrupt crypto lender Genesis Capital, has objected  to Genesis’ bankruptcy plan, arguing that it violates the Bankruptcy Code. ...

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Posted by | February 2, 2024
Crypto Lender Genesis Agrees to $21 Million Civil Penalty To Settle Gemini Earn SEC Lawsuit: Report

Bankrupt crypto lender Genesis is reportedly agreeing to pay a $21 million civil fine to settle with the U.S. Securities and Exchange Commission (SEC) over the now-defunct Gemini Earn program....

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Posted by | January 13, 2024
Genesis Global Trading Ordered To Pay $8,000,000 Fine by New York Financial Regulator Over Compliance Violations

A New York financial regulator is ordering crypto firm Genesis Global Trading to pay an $8 million fine after it was found to be in violation of the law. In...

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Posted by | January 7, 2024
Digital Currency Group Has Paid Off $1,000,000,000 in Short-Term Debt, Says CEO Barry Silbert

Digital Currency Group (DCG) CEO Barry Silbert says the venture capital firm has settled over $1 billion in debt, including the nearly $700 million owed to its bankrupt subsidiary Genesis. ...

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Posted by | January 7, 2024
Digital Currency Group (DCG) Completes $700 Loan Repayment To Genesis Exchange

Venture capital firm Digital Currency Group (DCG) has completed a $700 million payment to its subsidiary company Genesis Global Capital (GGC) as a settlement of its short-term loans from the...

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Posted by | December 26, 2023
Crypto Billionaire Barry Silbert Steps Down As Grayscale Chairman of The Board

Billionaire and early crypto entrepreneur Barry Silbert is resigning from crypto asset manager Grayscale’s board of directors as of New Year’s Day 2024. Silbert, head of Grayscale’s parent company Digital...

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Posted by | November 30, 2023
Digital Currency Group and Genesis Global Reach Bankruptcy Agreement: Court Docs

Venture capital firm Digital Currency Group (DCG) and its bankrupt subsidiary Genesis Global have struck a new agreement to settle an ongoing legal battle. A new filing with the US...

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