DCG and Silbert have denied that the promissory note was a sham. In their motions to dismiss, lawyers for DCG and Silbert claimed that the note was fully vetted and binding, adding that, in addition […]
U.S. Bankruptcy Judge Sean Lane approved Genesis Global’s Chapter 11 liquidation plan on Friday, enabling the bankrupt cryptocurrency lender to return approximately $3 billion in cash and crypto to its creditors. This ruling means that […]
Crypto venture giant Digital Currency Group (DCG) has submitted a request to dismiss the lawsuit brought by New York Attorney General Letitia James against the company. According to the NYAG, Barry Silbert allegedly concealed losses […]
New York Attorney General Letitia James has massively expanded her lawsuit against Digital Currency Group (DCG) for allegedly defrauding hundreds of thousands of investors in its relationship with Genesis and Gemini Earn. In an amended […]
Charles Hoskinson, co-founder of the blockchain network Cardano, is interested in purchasing CoinDesk, DCG’s media arm, despite the company’s current difficulties. According to Yahoo! Finance, Hoskinson’s reasoning as to why he has shown strong interest in buying […]
Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the announcement, the firm aims to enact “a global resolution to maximize value for all clients […]
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