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Genesis Global
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CryptoCurrency
Genesis Hits the Wall with $2 Billion Settlement, Shown the Door in New York
2024-05-20T21:28:28.000+02:00
New York AG Letitia James secures settlement to aid 29,000 defrauded investors.
The AG pursues crypto oversight, having obtained $2.5 billion from various platforms so far.
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CryptoCurrency
Genesis’ Parent Will Not See Any Recovery amid $3 Billion Payout Approval
2024-05-20T09:28:55.425+02:00
The $3 billion in cash and crypto will go to the creditors of the collapsed crypto lender.
The court rejected Digital Currency Group’s proposal to cap the recovery value.
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CryptoCurrency
Gemini’s Founders Face Scrutiny over $280M Crypto Withdrawal amid Genesis Crisis
2023-09-28T19:06:50.192+02:00
This move raised questions about whether the funds were personal or corporate assets.
The timing of their withdrawal, just before the Genesis crisis, has raised controversy.
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CryptoCurrency
Genesis Global Trading Shuts Down US Crypto Trading Desk amid Disputes
2023-09-05T22:51:58.449+02:00
The platform will close the crypto trading desk by September 30, 2023.
This move follows a legal dispute with FTX and a previous bankruptcy scare.
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CryptoCurrency
Genesis Rebound? DCG Agrees to In-Principle Deal Offering Up to 90% Recovery
2023-08-29T12:16:35.237+02:00
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.
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Institutional FX
Quantitative Brokers Partners with Genesis Global to Advance Automated Trading
2023-07-10T18:08:01.256+02:00
The partnership seeks to enhance transparency in algorithmic trading.
Quantitative Brokers plans to launch an algorithm performance management platform.
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