Genesis and 3AC reach $33m settlement in billion-dollar claim

2023-11-14 23:54

Genesis agrees to a $33 million settlement with Three Arrows Capital, significantly less than the original $1 billion claim, amid ongoing crypto turmoil. Bankrupt crypto lender Genesis has consented to a settlement with the now-defunct crypto hedge fund Three Arrows…

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The Universal Settlement Coin (TUSC) на Currencies.ru

$ 0.0001183 (+0.00%)

Объем 24H $9.947k

Изменеия 24h: 53.36 %, 7d: -27.21 %

Cегодня L: $0.0001182 - H: $0.0001183

Капитализация $0 Rank 2994

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settlement genesis crypto three arrows claim fund

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Источник: btcmanager.com

settlement genesis → Результатов: 20

Genesis, Digital Currency Group reach agreement on new settlement plan

Genesis Global and its parent company, Digital Currency Group (DCG), are closing in on a settlement agreement, according to a Nov. 28 court filing. The filing includes an amended settlement plan that both companies have agreed on and urged other stakeholders to vote in favor.

2023-11-30 22:00	genesis
settlement genesis plan agreement digital currency group

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Genesis seeks court approval for 3AC settlement

In a Nov. 9 court filing, Genesis, the cryptocurrency trading lender heavily impacted by the collapse of Three Arrows Capital (3AC) and FTX last year, is now seeking out court approval for a settlement agreement.

2023-11-10 19:15	three arrows capital
court genesis settlement 3ac approval arrows ftx

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Genesis seeks court’s approval to reduce Three Arrows Capital claim from $1B to $33M

Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with imploded crypto hedge fund 3AC.

2023-11-11 16:51	Law
court genesis approve asked lender bankrupt proposed

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Genesis seeks court approval to slash 3AC claim from $1B to $33M

Bankrupt crypto lender Genesis has sought court approval for its proposed settlement agreement with collapsed crypto hedge fund Three Arrows Capital (3AC), according to a Nov. 9 court filing. Under the agreement, 3AC will have an allowed general unsecured claim of $33 million against the bankrupt lender instead of the previous over $1 billion claim […] The post Genesis seeks court approval to slash 3AC claim from $1B to $33M appeared first on CryptoSlate.

2023-11-10 15:10	three arrows capital
court claim 3ac approval genesis lender agreement

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Bankruptcy judge approves $175 Million settlement between FTX and Genesis Global Trading

Following the court’s decision, Genesis debtors have gained authorization to execute the settlement agreement, which entails the payment of $175 million to FTX.

2023-10-13 20:01	genesis
genesis ftx settlement 175 million execute gained

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FTX to receive $175M withdrawing up to $1B in other claims against Genesis

The bankruptcy estate of crypto lending firm Genesis Global Capital has submitted a proposed order to implement the company’s settlement agreement with collapsed crypto exchange FTX. The proposed order was filed Thursday in the U.

2023-10-12 10:30	legal
crypto genesis ftx order proposed submitted implement

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FTX to receive $175M and withdraw up to $1B in other claims against Genesis

2023-10-12 10:30	legal
order genesis crypto ftx proposed submitted company

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Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’

Crypto exchange Gemini rejected the proposed settlement deal between bankrupt crypto platform FTX and Genesis, according to an Aug. 31 court filing. Gemini posited that the proposed settlement between the failed firms is an attempt to manipulate the voting process for the bankruptcy plan, further describing it as a “sweetheart pre-plan deal” designed to benefit […] The post Gemini rejects Genesis, FTX proposed settlement, describes it as ‘sweetheart pre-plan deal’ appeared first on CryptoSlate.

2023-9-1 14:01	genesis
settlement proposed deal gemini sweetheart pre-plan genesis

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DCG and Genesis reach landmark settlement over bankruptcy

DCG's has reached a settlement with Genesis as they agree to reimburse creditors 70-90% as they seek tp address bankruptcy complexities and setting new recovery standards.

2023-8-30 18:54	genesis
bankruptcy dcg settlement genesis address seek complexities

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FTX pursues $175 million settlement with Genesis

FTX sought resolution in legal dispute through a $175 million settlement with Genesis entities. Persistent discord surrounded the proposal, as the FTX 2.0 coalition highlighted unfavorable dynaThe post FTX pursues $175 million settlement with Genesis appeared first on AMBCrypto.

2023-8-18 17:00	News
ftx genesis settlement million 175 pursues unfavorable

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FTX Navigates Dispute with Genesis, Proposes $176M Settlement

FTX seeks a court-mandated resolution to their ongoing dispute with Genesis entities through a proposed $176 million settlement.

2023-8-17 19:20	News
ftx settlement genesis dispute ongoing entities through

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FTX seeks $175M settlement with Genesis entities to resolve dispute

However, FTX creditors expressed discontent and urged the Official Committee of Unsecured Creditors of FTX to contest the agreement.

2023-8-18 16:55	Law
ftx creditors official 175m urged committee seeks

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Digital Currency Group nearing settlement with Genesis creditors; reports $216M Q2 revenue as new CFO takes helm

Digital Currency Group (DCG) is close to settling with the creditors of its subsidiary, Genesis, Bloomberg said on July 31. DCG reportedly released its second-quarter shareholder letter on the same day as Bloomberg’s article.

2023-8-1 04:00	featured
digital dcg bloomberg creditors genesis group currency

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FTX and Genesis reach settlement in bankruptcy case

FTX and Genesis representatives informed the US court that they are ready to settle the bankruptcy case. In a filing to Judge Lane of the United States Bankruptcy Court, FTX and Genesis lawyers state that they agreed on a potential…

2023-7-28 13:53	United States
ftx bankruptcy genesis case court united states

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FTX, Genesis reach in-principle agreement to settle bankruptcy case

FTX and Genesis lawyers have sent a letter to the bankruptcy judge regarding a settlement agreement.

2023-7-28 09:01	Court
ftx agreement bankruptcy genesis lawyers sent letter

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Gemini’s Winklevoss Demands $1.46B Settlement from DCG In EARN Product Tussle

Gemini has escalated its conflict with Digital Currency Group (DCG) after approximately seven months since Genesis Global Trading, DCG’s lending arm, suspended withdrawals. On Tuesday, Gemini co-founder Cameron Winklevoss presented Barry Silbert, the founder of DCG, with a “best and final offer” letter to settle the $1.

2023-7-7 20:31	Cryptocurrency News
dcg gemini winklevoss presented silbert cameron barry

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DCG settlement with Genesis still undecided as 30-day mediation period proceeds

The settlement plan proposed in February would give Genesis creditors 80% recovery of funds, but many raised demands, leading to the mediation.

2023-5-11 00:15
genesis mediation settlement creditors funds recovery many

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Genesis settlement disrupted by new creditor demands, DCG says

Under the initial settlement plan, Genesis creditors were expected to receive 80% recovery of funds lost due to the bankruptcy.

2023-4-25 16:57	Bankruptcy
genesis settlement expected plan creditors due bankruptcy

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HIVE Blockchain reboots Ethereum (ETH) mining in Sweden

HIVE Blockchain Technologies and Genesis Mining, today announced that they have reached a settlement agreement which positively resolves prior misunderstandings and disagreements. The agreement was reached with a focus on initiatives which improve communication, transparency and mutually beneficial cooperation between Genesis and HIVE.

2019-7-2 18:30
hive genesis mining blockchain reached agreement beneficial

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3AC founder Kyle Davies ‘not sorry’ for company’s bankruptcy

Kyle Davies, co-founder of the hedge fund Three Arrows Capital, gave an extensive interview to journalist Laura Shin.

Эндрю Канг покупает оригинальный Pepe NFT у 3AC Estate на распродаже Sotheby

Соучредитель Mechanism Capital, Эндрю Канг, приобрел оригинальный NFT, Pepe the Frog у обанкротившегося крипто-хедж-фонда Three Arrows Capital, известного как 3AC, за нераскрытую сумму. Аукционный дом Sotheby’s способствовал частной продаже в рамках ликвидации оставшихся NFT 3AC.

DCG подает ходатайство об отклонении «необоснованных» исков NYAG

Digital Currency Group подала сегодня ходатайство об отклонении иска генерального прокурора Нью-Йорка, Летиши Джеймс, против нее и ее дочерней компании Genesis Global Capital. Иск был подан в октябре 2023 года, а в прошлом месяце его расширили.

Gemini заплатит штраф в размере $37 млн и вернет более $1 млрд долларов клиентам Earn

Криптовалютная биржа Gemini согласилась выплатить крупный штраф финансовому регулятору Нью-Йорка за несоблюдение требований и должна вернуть не менее 1,1 миллиарда долларов клиентам программы кредитования Gemini Earn.

Another crypto exchange supported by Su Zhu raises $4m

OX.FUN, reportedly supported by controversial Three Arrows Capital (3AC) founder Su Zhu, has closed a new $4 million funding round led by Foresight Ventures. According to the OX.FUN post on X, investment will be used for product iteration, team building,…

Hong Kong, Singapore attract increasing crypto VC funding

Over 11% of global VC funding in blockchain and crypto was funneled towards ventures based in Hong Kong and Singapore, PitchBook data shows.

Hong Kong, Singapore attracting increasing crypto VC funding

Over 11% of global VC funding in blockchain and crypto was funneled towards ventures based in Hong Kong and Singapore, PitchBook data shows.

2023-11-14 23:54

settlement genesis → Результатов: 20

2023-11-30 22:00

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2023-4-25 16:57

2019-7-2 18:30

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