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Final Countdown: Genesis’ Bankruptcy Mediation Faces Make-Or-Break Deadline
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, […] дальше »
2023-8-3 21:00 | |
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Genesis Chapter 11 Bankruptcy Set To Be Resolved Soon, DCG Says
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. дальше »
2023-8-1 03:00 | |
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Bittrex files for US bankruptcy; will not halt global operations
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. дальше »
2023-5-9 01:17 | |
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FTX Officials Seek to Recover Over $3.88B from DCG-backed Genesis Global
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. дальше »
2023-5-5 19:09 | |
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FTX bankruptcy estate seeks to claw back $3.9B from Genesis
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. дальше »
2023-5-4 15:30 | |
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FTX seeks to recover nearly $4b in bankruptcy case
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… дальше »
2023-5-4 14:30 | |
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FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case
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. дальше »
2023-5-4 00:48 | |
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Swiss court gives green light for FTX to sell its European arm
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. дальше »
2023-4-13 20:30 | |
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Crypto Lending Firms Hit Worst As FTX Crises Spreads
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. дальше »
2023-2-9 21:25 | |
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Crypto Billionaires Lose Billions in Crypto Markets – Experts Predict Metacade Will Soar
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. дальше »
2023-2-6 17:25 | |
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Lawyers for Genesis and Its Creditors Are ‘Optimistic’ for a Quick Resolution to Bankruptcy Woes
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. дальше »
2023-1-24 01:40 | |
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Genesis Officially Joins Growing List of Bankrupt Crypto Companies
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. дальше »
2023-1-22 14:42 | |
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CryptoSlate Wrapped Daily: Genesis files for bankruptcy; Cardano creator wants CoinDesk
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. дальше »
2023-1-21 01:46 | |
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Bybit founder responds to concerns raised amid Genesis’ bankruptcy
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… дальше »
2023-1-20 14:41 | |
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Genesis Global files for bankruptcy
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… дальше »
2023-1-20 10:17 | |
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Genesis could file for bankruptcy this week: report
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. дальше »
2023-1-19 23:31 | |
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Voyager token jumps 29% as Binance.US agrees to buy Voyager’s assets
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. дальше »
2022-12-19 19:02 | |
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First Mover Asia: Here’s What Might Happen to Sino Global’s Liquid Value Fund During FTX’s Bankruptcy Protection Proceedings
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. дальше »
2022-12-8 02:57 | |
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Price analysis 11/28: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT
Turmoil in China, concerns over the global economy and BlockFi’s bankruptcy filing are all weighing on crypto markets this week.
дальше »2022-11-29 22:41 | |
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Genesis onboards financial advisors as it explores 'all possible options'
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. дальше »
2022-11-23 00:30 | |
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FTX headquarters seized by the government
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… дальше »
2022-11-16 04:00 | |
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FTX proposes offer to open liquid accounts to users of bankrupt crypto brokerage Voyager
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. дальше »
2022-7-29 16:17 | |
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Why Bitcoin may beat an upcoming financial crisis?
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. дальше »
2020-10-17 00:00 | |
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Nova Scotia Supreme Court Approves Relocation of QuadrigaCX Bankruptcy Case to Toronto
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. дальше »
2019-9-12 21:00 | |
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Is Coinbase Becoming A Crypto Bank?
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. дальше »
2019-4-9 21:26 | |
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Even bankruptcy can’t keep Vertu from selling $4,000 phones
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. дальше »
2018-10-19 15:51 | |
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Creditors of Defunct Cryptocurrency Exchange Mt. Gox Can Now File Claims
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. дальше »
2018-8-27 17:14 | |
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