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Bankrupt Genesis alleges Gemini contributed to ‘run on the bank’ with $689M withdrawals

Bankrupt crypto lender Genesis has filed legal actions to retrieve $689. 3 million from cryptocurrency exchange Gemini. In a Nov. 21 court filing, the bankrupt lender alleged that Gemini contributed to the “run on the bank” it suffered by making these preferential transfers during a 90-day period that preceded its bankruptcy filing. дальше »

2023-11-22 15:35


Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022

Gemini has confirmed it withdrew $282 million of its Earn users funds from the bankrupt crypto lender Genesis in August last year into its liquidity reserve, according to a Sept. 28 statement. The exchange made this statement in response to a New York Post report alleging that the crypto platform’s co-founders, Tyler and Cameron Winklevoss, […] The post Gemini confirms it withdrew $282M from Genesis to boost liquidity reserves in 2022 appeared first on CryptoSlate. дальше »

2023-9-30 22:30


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. дальше »

2023-9-1 14:01