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Digital Currency Group (DCG)

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CryptoCurrency

New York AG Expands Legal Pursuit against DCG, Unveils $3 Billion Fraud Allegations

  • The initial lawsuit focused on misleading representations regarding the Gemini Earn program.
  • According to the Attorney General, more than 230,000 investors suffered losses.
Friday, 09/02/2024 | 17:58 GMT by Jared Kirui
CryptoCurrency

Gemini Sues Genesis over $1.6 Billion Dispute in GBTC Shares

  • Genesis served as the primary lending partner for Gemini's Earn program.
  • An ongoing legal battle in the cryptocurrency industry involves Gemini, Genesis, and DCG.
Monday, 30/10/2023 | 10:13 GMT by Tareq Sikder
Retail FX

News Nuggets | 25 October: DCG Earnings Surge with BTC; FMA Alerts on Social Ads

  • Also, SEC charges BlackRock; Temenos reports strong Q3 perfromance.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 25/10/2023 | 09:26 GMT by Finance Magnates Staff
CryptoCurrency

NY Attorney General Sues Gemini, Genesis, and DCG for Alleged Billion-Dollar Fraud

  • Genesis and DCG are accused of attempting to hide $1.1 billion in losses.
  • Gemini allegedly misled investors about the safety of its program with Genesis.
Thursday, 19/10/2023 | 12:14 GMT by Jared Kirui
CryptoCurrency

DCG’s Payment Plan on Shaky Ground as Genesis Lender Group Objects

  • The Ad Hoc Group called the agreement "wholly insufficient."
  • DCG proposed paying $830M seven years after Genesis' Chapter 11 plan becomes effective.
Wednesday, 30/08/2023 | 16:21 GMT by Solomon Oladipupo
CryptoCurrency

Genesis Rebound? DCG Agrees to In-Principle Deal Offering Up to 90% Recovery

  • The agreement between DCG and Genesis' creditors offers 70-90% recovery in USD equivalent.
  • Genesis filed for bankruptcy following FTX's collapse after halting withdrawals last year.
Tuesday, 29/08/2023 | 10:16 GMT by Jared Kirui
CryptoCurrency

Digital Currency Group Seeks Dismissal of Gemini’s Fraud Allegation

  • The conglomerate has denounced the exchange's claims as a 'public relations campaign'.
  • DCG claims the lawsuit brought by Gemini lacks sufficient evidence.
Thursday, 10/08/2023 | 18:21 GMT by Jared Kirui
CryptoCurrency

Gemini Sues DCG, Founder Barry Silbert over Genesis’ Debit in Earn Program

  • The exchange said that DCG lied about absorbing Genesis' 3AC losses.
  • DCG in a statement called Gemini's lawsuit another 'publicity stunt'.
Friday, 07/07/2023 | 20:45 GMT by Solomon Oladipupo
CryptoCurrency

Digital Currency Group’s Prime Brokerage Platform TradeBlock to Shutter

  • The platform will close services on 31 May.
  • Coindesk acquired TradeBlock in 2021 for an undisclosed sum.
Friday, 26/05/2023 | 05:15 GMT by Arnab Shome
CryptoCurrency

Dutch Crypto Exchange Bitvavo Expects at Least 80% Recovery from DCG

  • Genesis has reached an in-principle agreement with its creditors on a restructuring plan.
  • The DCG-owned crypto lender filed for bankruptcy protection on January 20th.
Tuesday, 07/02/2023 | 20:14 GMT by Solomon Oladipupo
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