2023-9-16 00:25 |
Lawyers representing Gemini Trust filed a response in bankruptcy court to Digital Currency Group’s plan claiming to offer unsecured creditors a “70–90% recovery."
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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 harm caused to creditors.
2023-9-16 03:00 | |
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DCG, parent company of insolvent Genesis, is proposing a creditor repayment plan, including that of Gemini Earn investors
2023-9-14 01:05 | |
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Genesis is facing headwinds as it seeks to finalize its wind-up after a January bankruptcy – and is now being accused by Gemini and other creditors of voter “manipulation.”
2023-9-1 13:02 | |
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The in-principle agreement reached by DCG and creditors also said that the ad hoc group and Gemini did not support the deal.
2023-8-30 16:46 | |
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BlockFi is requesting to convert the assets to Gemini Dollar (GUSD) or another stablecoin The motion has been backed by the court-recognized BlockFi creditors’ committee. BlockFi started the process of returning users’ funds on August 16 after the court allowed the corporation to open withdrawals.
2023-8-30 16:06 | |
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Cameron Winklevoss of Gemini on Friday took to Twitter to detail a legal action against Genesis and its parent company, Digital Currency Group. The post Gemini Files Legal Complaint Over DCG and Genesis ‘Fraud Against Creditors’ appeared first on BeInCrypto.
2023-7-8 20:30 | |
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Gemini co-founder Cameron Winklevoss has proposed a final offer, mandating Digital Currency Group’s (DCG) Barry Silbert and his embattled company to start reimbursing Gemini Earn creditors by July 21 or face a lawsuit. There appears to be a glimmer of…
2023-7-4 16:15 | |
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Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.
2023-7-4 04:59 | |
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Gemini has said that its parent company DCG has failed to pay $630 million, which was due last week. The exchange stated that it is working with Genesis, DCG, and creditors to offer forbearanceThe post Gemini accuses parent company DCG of not paying $630 million dues appeared first on AMBCrypto.
2023-5-22 14:30 | |
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Coinspeaker Gemini Says Genesis Parent DCG Defaulted on $630M Payment, Updates Contingency Plan Gemini seeks to exact its owed payment sum from Genesis parent DCG and is working with several creditors on a forbearance plan.
2023-5-22 14:07 | |
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Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.
2023-5-22 08:44 | |
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Gemini Earn participants are among the many groups likely to be disappointed with the outcome of Genesis’ Chapter 11 bankruptcy filing.
2023-2-9 00:40 | |
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The plan would see the sale of Genesis alongside other measures in a deal reached with DCG and Gemini Trust Co.
2023-2-8 05:05 | |
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Bankruptcy of Genesis was most likely inevitable, but lack of reaction from market is concerning
2023-1-20 13:50 | |
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Genesis, a subsidiary of DCG, is said to owe creditors more than $3bn and is in a high-profile dispute with the Winklevoss twins over money borrowed from their Gemini exchange. The post Digital Currency Group Could Be Forced to Sell Assets to Pay $3 Billion Debt appeared first on BeInCrypto.
2023-1-13 17:48 | |
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Winklevoss, on behalf of Gemini, called for Silbert's removal for his involvement in the disagreement between Genesis and its creditors.
2023-1-11 17:05 | |
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The creditor committee expects to hear from Genesis and DCG by the end of the week.
2022-12-21 07:01 | |
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Winklevoss twins have created a committee of creditors to reclaim Gemini’s funds from DCG and Genesis, who reportedly owe the exchange about $900 million. Cameron Winklevoss has revealed that Gemini, the crypto exchange he co-founded with his brother Tyler in 2014, has…
2022-12-7 17:51 | |
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In order to resolve the ongoing issues and redeem funds for its earn users, Gemini has formed an ad hoc committee with other creditors. The post Gemini formed an ad hoc committee to advocate for a solution for Earn users amid suspension of withdrawals appeared first on CryptoSlate.
2022-12-6 22:15 | |
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In addition to the previously reported group of Gemini customers owed $900 million, there are two other groups of Genesis creditors being represented by lawyers, CoinDesk has learned.
2022-12-5 01:17 | |
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Bullish acquires CoinDesk, planning substantial investment in its global expansion, and appoints the former Chief Editor from the Wall Street Journal as Editorial Committee Chair.
Crypto exchange Bullish has acquired CoinDesk, a crypto publication, from its financially troubled parent company, the Digital Currency Group. The post This Crypto Exchange Acquired Crypto Media Company CoinDesk: Report appeared first on BeInCrypto.
The Digital Currency Group has hired former Trump impeachment lawyer to defend itself against the New York Attorney General's (NYAG) $1.1 billion lawsuit. The post DCG Hires Trump Former Attorney to Fight NY Lawsuit appeared first on BeInCrypto.
Estimates of staffers facing the axe range from 45% (20 people) to 16%. A companywide meeting is reportedly scheduled for Aug. 14.
New York Attorney General Letitia James has reportedly launched an investigation into Digital Currency Group (DCG), the parent company of Genesis, a cryptocurrency firm that has been facing financial troubles.
Gemini and its founders sued Digital Currency Group on Friday alleging that it incurred losses due to DCG's "false, misleading and incomplete representations" tied to DCG subsidiary Genesis' work with Gemini on the crypto company's Earn product.