Digital Currency Group

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 9, 2024
New York Expands Fraud Case Against Digital Currency Group to $3 Billion

New York Attorney General Letitia James now says Digital Currency Group and Gemini are responsible for $3 billion in investor losses, boosting the size of her fraud lawsuit tied to...

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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 | January 12, 2024
Genesis Agrees To Settle With New York DFS, Surrenders BitLicense And Pays $8M Fine

A recent Fortune Magazine report revealed that the New York Department of Financial Services (DFS) is set to announce a settlement with Genesis Global, a subsidiary of the crypto conglomerate...

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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 | 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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Posted by | November 13, 2023
Genesis Reaches $1 Billion Settlement With Bankrupt Hedge Fund 3AC

In a recent development, bankrupt crypto lender Genesis has settled with defunct crypto hedge fund Three Arrows Capital (3AC), ending a months-long legal battle .  According to court documents ,...

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sam-bankman-fried-rebuffed-barry-silbert’s-and-celsius’-requests-for-help,-ex-ftx-ceo-testifies-at-his-trial
Posted by | October 27, 2023
Sam Bankman-Fried Rebuffed Barry Silbert’s and Celsius’ Requests for Help, Ex-FTX CEO Testifies at His Trial

Before Sam Bankman-Fried's FTX crypto empire blew up in November 2022, he acted – in an industry lacking a conventional backstop like the Federal Reserve – as the savior of...

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gemini-sues-genesis-over-gbtc-shares-used-as-earn-collateral,-now-worth-$1.6b
Posted by | October 27, 2023
Gemini sues Genesis over GBTC shares used as Earn collateral, now worth $1.6B

Genesis wants to use the shares’ initial value in claims and is not releasing additional collateral transferred by DCG, the suit claims. 799 Total views 5 Total shares Cryptocurrency exchange...

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gemini-files-court-statement-accusing-digital-currency-group-of-fraudulent-actions
Posted by | September 15, 2023
Gemini Files Court Statement Accusing Digital Currency Group Of Fraudulent Actions

In a Friday 15 court filing, Gemini, the US-based crypto exchange platform, has accused Digital Currency Group (DCG) of engaging in “fraudulent activities” and attempting to evade responsibility for the...

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