2023-11-22 10:34 |
Crypto lender Genesis Global Capital has sued cryptocurrency exchange Gemini Trust, its former business partner, to recover more than $689 million.
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Gemini Trust Co. filed suit against troubled digital asset lender Genesis Global Capital on Oct. 27, seeking to recover $1. 6 billion in collateral for Gemini customers trapped when Genesis halted withdrawals in November.
2023-10-27 20:30 | |
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This last article explores the security challenges identified by the Ledger Donjon when building a seed recovery service, and how regular internal and external security audits are conducted in order to guarantee the maximum of security to users.
2023-9-23 14:38 | |
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Welcome to Part 5 of our blog series on Ledger Recover Genesis. This series of blog posts explores the many technical hurdles encountered when building a seed recovery service, and how Ledger Recover, provided by Coincover, solves them with a secure design and infrastructure.
2023-9-23 14:34 | |
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It has been proposed that Gemini Earn users might recover up to 110% of their claims against the now-bankrupt cryptocurrency lender, Genesis, according to a newly proposed creditor agreement plan filed by Digital Currency Group (DCG) on Sept.
2023-9-13 18:40 | |
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A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”
2023-9-13 15:07 | |
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Genesis Global is suing DCG, aiming to reclaim $620 million in unpaid loans
2023-9-7 23:03 | |
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How can Ledger Recover protect the entropy of a Secret Recovery Phrase without just introducing yet another additional mechanism secret-based such as a password, a two-factor authentication or similar? In this section, we will delve into Identity Verification mechanisms which provide access to your backup by yourself and only you.
2023-9-8 16:04 | |
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Digital Currency Group (DCG) moving toward resolving the financial challenges of its crypto lending subsidiary, Genesis. The agreement could possibly lead to a fair recovery for creditors. The agreement is still subject to several handles, but Genesis expects the agreement to be completed in the coming weeks.
2023-8-29 13:14 | |
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Providing secure storage is key and raises crucial questions that we need to address: How do we ensure the shares are stored safely and can’t be stolen? How can we prevent collusion between backup providers to reconstruct your seed?
2023-8-13 10:17 | |
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How can you securely distribute your seed shares to your backup providers? We will introduce several cryptographic tools and mathematical concepts that Ledger Recover leverages to securely distribute your seed shares to backup providers.
2023-7-27 14:52 | |
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Ledger Recover is a self-custody solution to securely back up your Secret Recovery Phrase to the cloud, allowing you – and only you – to restore it to your hardware device in the future.
2023-7-27 14:51 | |
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Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert in a New York court on July 7. The company is seeking to recover the damages and losses incurred due to DCG’s and Silbert’s alleged “false, misleading, and incomplete” representations and […]
2023-7-8 01:00 | |
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The fallout from the collapse of major crypto exchange FTX continues, as the liquidator attempts to recover nearly $4 billion for creditors from another bankrupt crypto firm, Genesis Global Capital (GGC).
2023-6-7 20:00 | |
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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 | |
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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 | |
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FTX’s bankruptcy case proceeded as the company moved to recover $3. 9 billion from Genesis. Meanwhile, an earlier FTX sale became relevant with the launch of SUI token. FTX aims to recover $3.
2023-5-4 03:09 | |
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The Grayscale Bitcoin Trust (GBTC), the largest Bitcoin trust in the world, saw a rocky end to the year 2022 after its sister company Genesis Trading filed for bankruptcy. However, it has seen a better start to the year 2023 as it continues to close the gap on its unusually deep discount in December 2022.
2023-4-7 02:00 | |
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Matthew Sedigh is the CEO at Xclaim, a marketplace for crypto bankruptcy claims. Users who have accounts with stranded assets at FTX, Genesis, Celsius, Voyager or BlockFi can sell the claim on their account to recover some liquidity.
2023-2-10 00:00 | |
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Cameron Winklevoss, a co-founder of the Gemini crypto exchange, treats Genesis’ bankruptcy as a good chance to recover his clients’ funds. Genesis participants to acquire back their assets Amid the crypto organizations’ fallout yesterday, Genesis filed for bankruptcy after a long…
2023-1-20 16:51 | |
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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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Founders of Gemini exchange, Tyler and Cameron Winklevoss, have donated $4.9 million to the Fairshake political action committee (PAC). The Winklevoss twins have each donated $2.45 million to the Super PAC, according to the U.S. Federal Election Commission (FEC) and…
Gemini said it elected to increase its liquidity reserves owing to the market turmoil throughout the summer of 2022, following events such as the collapse of the TerraUSD stablecoin.
US federal officials are currently scrutinizing the internal financial transactions of DCG and its subsidiary, Genesis Global Capital.
The latest update for the financial complications faced by Genesis Global, a notable name in the crypto lending space, and its parent company, Digital Currency Group (DCG), shows that both entities seem to have navigated their way out of the murky waters, striking an agreement with their creditors.
Despite cryptocurrency’s decentralized ideals, a select few hold vast amounts of Bitcoin, wielding outsized influence. Who owns the most Bitcoin, and how do these whales sway the market? It has been 15 years since the invention of Bitcoin (BTC), the…
Cameron Winklevoss, a co-founder of Gemini, has expressed his disappointment with the recent decision by the US Securities and Exchange Commission (SEC) to reject a bitcoin exchange-traded fund (ETF).