Explore the latest developments in the complex legal and financial saga of Gemini Earn, Genesis, and DCG as of 2024, including restructuring plans, court rulings, and user reactions.
MiyukiThe Attorney General alleges that these companies engaged in fraudulent activities and attempted to conceal losses amounting to over a billion dollars and lying to over 230,000 investors.
ClementDCG’s subsidiary underwent a second round of job cuts after being hit by FTX implosion.
cryptopotatoSilbert said that "this past year has been the most difficult of my life – both personally and professionally.
OthersFederal prosecutors in New York, along with the SEC, are investigating DCG for internal transfers at its lending subsidiary Genesis, Bloomberg reported on Friday.
decryptBarry Silbert, founder and chief of Digital Currency Group (DCG), has revealed that the company owes $2B to its subsidiaries and external creditors.
BeincryptoClaimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
CoindeskAfter Genesis Trading's lending arm shut down its services last week, the rumor mill started buzzing about a possible bankruptcy of DCG
BitcoinistThe question of whether Genesis Trading and Digital Currency Group (DCG) will go bust currently hangs over the crypto and Bitcoin market.
BitcoinistGenesis and its parent company, Digital Currency Group (DCG), are under pressure, and there are growing concerns about their potential default.
Bitcoinist