DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors.
OthersEarlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors.
OthersGenesis Trading, a crypto lender, will eliminate 60 positions, or 30% of its workforce, as it attempts to economize and stave off a bankruptcy filing.
OthersCrypto trading firm Genesis is reportedly under the lens of regulators in the state of Alabama and other U.S. states.
BitcoinistSeparately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
CoindeskThe statement was released in response to reports that Genesis Global and the Gemini exchange have stopped allowing withdrawals.
CryptoknowmicsThis comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
BeincryptoThe aftermath of the crypto winter is yet to be over.
BitcoinistGenesis Trading held on after confirming its 3AC exposure, while parent company Digital Currency Group took some responsibility after losses.
CointelegraphGenesis Trading soldiers on after confirming 3AC exposure, while parent company Digital Currency Group assumes a portion of liability after losses.
CointelegraphINTERNET CITY, DUBAI, Jun. 23, 2022 – LBank Exchange, a global digital asset trading platform, will list Global Trading Xenocurrency ...
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