2023-8-24 23:19 |
Creditors are lamenting the rapid drain of cash from the global exchange’s bankruptcy as the process stretches over more months.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
|
As the digital financial landscape navigates through both success stories and cautionary tales, the ongoing mediation of bankrupt crypto lender Genesis Global Holdco LLC has garnered attention. The latest development in the crypto lender’s bankruptcy saga emerged on Wednesday when a company attorney revealed they were approaching the end of their ongoing mediation. To clarify, […]
2023-8-3 21:00 | |
|
|
Genesis Global Holdco, the parent company of cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection on January 20. The move came after Genesis Global Capital halted customer repayments on November 16, raising concerns about the potential failure of other firms.
2023-8-1 03:00 | |
|
|
Crypto lender Genesis Global Capital is FTX’s largest unsecured creditor, with $226 million in claims.
2023-7-28 06:48 | |
|
|
Coinspeaker Vice Media Files for Chapter 11 Bankruptcy Before this announcement, Vice Media had begun to restructure its global organizational workforce. Vice Media Files for Chapter 11 Bankruptcy
2023-5-15 15:21 | |
|
|
Bittrex announced the bankruptcy of its U. S. entity on May 8. The company said that it has decided to file for Chapter 11 bankruptcy in federal court in Delaware. It said that this decision only affects Bittrex Inc.
2023-5-9 01:17 | |
|
|
Coinspeaker FTX Officials Seek to Recover Over $3. 88B from DCG-backed Genesis Global The officials claim FTX-affiliated Alameda Research had largely repaid the $8 billion borrowed from Genesis Trading, a few weeks before the former filed for Chapter 11 bankruptcy protection.
2023-5-5 19:09 | |
|
|
The FTX bankruptcy estate is seeking to claw back $3.9 billion from bankrupt crypto lender Genesis Global Capital. The estate will reportedly use the funds to repay its creditors and millions oThe post FTX bankruptcy estate seeks to claw back $3.9B from Genesis appeared first on AMBCrypto.
2023-5-4 15:30 | |
|
|
In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely repaid” the roughly $8 billion it lent to Alameda Research, a…
2023-5-4 14:30 | |
|
|
Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday.
2023-5-4 00:48 | |
|
|
The approval of a petition in Switzerland allowing FTX Europe AG’s sale would be in accordance with U.S. bankruptcy court, where FTX’s global business filed for Chapter 11.
2023-4-13 20:30 | |
|
|
Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms.
2023-2-11 01:22 | |
|
|
The collapse of the FTX exchange may have been the worst sting ever for the crypto industry since it continues to cause more crypto companies to collapse. The latest victim is Genesis Global, which filed for bankruptcy under Chapter 11 of the US bankruptcy act.
2023-2-9 21:25 | |
|
|
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Trading.
2023-2-9 19:39 | |
|
|
Crypto billionaires are among those that have suffered the worst from the crypto crash of 2022, seeing billions of dollars wiped from the value of their investments. As markets reeled from a string of big names in crypto filing for bankruptcy, such as Luna and FTX, and global economies struggling due to a raft of […] The post Crypto Billionaires Lose Billions in Crypto Markets – Experts Predict Metacade Will Soar appeared first on CoinJournal.
2023-2-6 17:25 | |
|
|
Lawyers for Genesis Global told a New York bankruptcy court on Monday that they’ve been working with their creditors’ representatives and the U.S. Trustee’s Office “around the clock” for the past two months in order to reach a “consensual resolution” with the embattled company’s creditors.
2023-1-24 01:40 | |
|
|
Genesis Global Holding Corporation has officially filed for chapter 11 bankruptcy. The trading and lending subsidiary of Digital Currency Group submitted filings late Thursday night at the New York Southern District Bankruptcy Court, bringing the toll of top-tier bankrupt crypto companies to 10.
2023-1-22 14:42 | |
|
|
The biggest news in the cryptoverse for January 20 saw Genesis Global Capital file for bankruptcy. The post CryptoSlate Wrapped Daily: Genesis files for bankruptcy; Cardano creator wants CoinDesk appeared first on CryptoSlate.
2023-1-21 01:46 | |
|
|
Digital Currency Group subsidiary Genesis Global Capital has filed for bankruptcy protection. It owes over $3.5 billion to its top 50 creditors $3.5 Billion in Liabilities After months of uncertainty,...
2023-1-21 20:05 | |
|
|
The crypto finance firm filed for Chapter 11 bankruptcy yesterday, with debts around $3.5 billion.
2023-1-21 17:08 | |
|
|
Crypto lender Genesis Global Capital has recently filed for chapter 11 bankruptcy proceedings in New York. Now, Bybit has been caught in the crossfire due to the existence of ties between Mirana, its investment arm, and Genesis. Bybit founder Ben…
2023-1-20 14:41 | |
|
|
The parent firm of embattled crypto lender Genesis Global Capital, Genesis Global Holdco, LLC, filed for Chapter 11 bankruptcy protection in New York federal district court. FTX collapse, the breaking point for Genesis Genesis Global Holdco, LLC estimated in a…
2023-1-20 10:17 | |
|
|
Genesis Global has now filed for Chapter 11 bankruptcy protection after a series of tumultuous events have caused severe liquidity issues for the troubled crypto brokerage
2023-1-20 08:04 | |
|
|
Two sources familiar with the issues at Genesis allege that the company’s global creditors have agreed to negotiate a prepackaged bankruptcy plan.
2023-1-19 00:22 | |
|
|
Genesis Global Capital, a crypto lending platform owned by Digital Currency Group (DCG), is said to be considering filing for bankruptcy. According to a Bloomberg report, Genesis is likely to file for bankruptcy this week.
2023-1-19 23:31 | |
|
|
Genesis Global Capital is navigating a precarious financial situation, with bankruptcy looming as the likely outcome if it does not secure the liquidity necessary to stay afloat
2023-1-19 23:02 | |
|
|
Genesis had previously halted customer withdrawals following FTX's epic collapse.
2023-1-19 21:54 | |
|
|
Binance. US, an arm of the global cryptocurrency exchange Binance, has agreed to buy the assets if Voyager Digital, according to an announcement published Monday. The bid by Binance. US comes amid increased attention on crypto firms, and with Voyager under bankruptcy protection following this year’s crushing crypto winter and contagion.
2022-12-19 19:02 | |
|
|
Crypto Twitter wanted to know the potential consequences of having Alameda and Sam Bankman-Fried as partners in a fund. So we asked a Hong Kong-based lawyer who specializes in asset tracing and recovery; bitcoin dips but not much.
2022-12-8 02:57 | |
|
|
Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week.
2022-11-29 22:41 | |
|
|
Genesis has hired global investment bank - Moelis & Company to explore all possible options including bankruptcy DCG's CEO Barry Silbert revealed that the parent company owes Genesis $575 mThe post Genesis onboards financial advisors as it explores 'all possible options' appeared first on AMBCrypto.
2022-11-23 00:30 | |
|
|
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
2022-11-23 23:03 | |
|
|
If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
2022-11-22 19:30 | |
|
|
According to Liquid Global’s report on November 20, 2022, the firm got instructions from S&C to halt all their operations after FTX filed for Chapter 11 bankruptcy a week earlier.
2022-11-21 14:58 | |
|
|
The government seems to have made a clear decision regarding FTX’s bankruptcy troubles by getting hold of the company’s properties. Global authorities have been intensifying their scrutiny of FTX, led by regulators in the Bahamas who had frozen some FTX…
2022-11-16 04:00 | |
|
|
Liquid Global, a lesser-known cryptocurrency exchange acquired by FTX, has announced the suspension of withdrawals beginning on November 15. The action corresponds with the recent FTX bankruptcy filing.
2022-11-16 00:00 | |
|
|
FTX, the global cryptocurrency exchange operator, today announced a joint offer with West Realm Shires, the owner and operator of FTX US, and Alameda Ventures, to provide early liquidity to customers of the crypto brokerage platform Voyager, which filed for bankruptcy in New York earlier this month.
2022-7-29 16:17 | |
|
|
As institutions line up to buy Bitcoin, its origin story comes into focus. Most argue that Bitcoin was created in response to the Lehman Brothers bankruptcy and the Global Financial Crisis that followThe post Why Bitcoin may beat an upcoming financial crisis? appeared first on AMBCrypto.
2020-10-17 00:00 | |
|
|
A judge of the Nova Scotia Supreme Court has agreed to a request to move the ongoing QuadrigaCX case from Halifax to Toronto, Ontario. According to a report by Global NewsSeptember 10, 2019, the transfer would drastically cut down expenses as most of the victims are based in Toronto.
2019-9-12 21:00 | |
|
|
Bitcoin’s inception was a direct response to the banks which precipitated the financial crisis in 2007. These financial institutions issued high-risk sub-prime mortgages to individuals unable to make consistent monthly payments, used fractional reserve lending for extreme over-leverage, and facilitated a global crisis following the Lehman Brothers bankruptcy.
2019-4-9 21:26 | |
|
|
UK-based brand Vertu made a name for itself handcrafting luxury phones that included premium materials, precious stones, and a global concierge service. It went under a year ago, because (shocker) not enough people were buying its $20,000 devices.
2018-10-19 15:51 | |
|
|
Creditors of Mt. Gox, the defunct cryptocurrency exchange, can now start submitting proofs of claim in a newly approved rehabilitation process, according to an update posted on the exchange’s website.
2018-8-27 17:14 | |
|
|
| Analogue Notcoin - TapSwap |
FRA is set to monitor Binance for compliance with a DOJ plea deal, following Binance's admission of regulatory violations. The post DOJ rejects Sullivan & Cromwell, picks FRA for Binance’s monitorship appeared first on Crypto Briefing.
FTX's new compensation plan faces opposition as creditors demand repayments based on current asset values, not bankruptcy figures. The post FTX creditors seek repayments at current market rates appeared first on Crypto Briefing.
Last month, I attended Sam Bankman-Fried's sentencing hearing. Not that anyone asked, but I have some thoughts.
The $30 million transfer takes the total SOL moved to exchanges to $102 million, the most out of any liquid asset, while the token's price is near the highest in a year.
Just over $13 million in crypto were moved to Binance and Coinbase overnight, data from Spotonchain show.
Just over $13 million in crypto were moved to Binance and Coinbase overnight, data from Spotonchain show.
In the wake of FTX’s collapse, the crypto industry was plunged. Prices plummeted, investors scrambled to cut their losses, and startup funding evaporated. Amid the chaos, the spotlight turned to Changpeng Zhao, the founder of Binance, as the last remaining tycoon in the crypto world after the swift fall of Sam Bankman-Fried. With a grand […]