Genesis
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The SEC charges Genesis and Gemini with the unregistered offering and sale of securities to retail investors through a Gemini crypto lending program (Sarah Wynn/The Block)
Sarah Wynn / The Block: The SEC charges Genesis and Gemini with the unregistered offering and sale of securities to…
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Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture assets, estimated to be worth ~$500M, to raise cash (Nikou Asgari/Financial Times)
Nikou Asgari / Financial Times: Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture…
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Sources: Alameda invested $1.1B in bitcoin miner Genesis Digital, including $500M to buy co-founders' shares; Genesis is among FTX's largest bankruptcy assets (Wall Street Journal)
Wall Street Journal: Sources: Alameda invested $1.1B in bitcoin miner Genesis Digital, including $500M to buy co-founders’ shares; Genesis is…
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Sources: the SEC and EDNY are scrutinizing transfers between DCG and the lending arm of its subsidiary Genesis; the probes have not accused DCG of wrongdoing (Bloomberg)
Bloomberg: Sources: the SEC and EDNY are scrutinizing transfers between DCG and the lending arm of its subsidiary Genesis; the…
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Memo: Genesis parent company DCG shut its wealth management division HQ on January 2; filing: HQ had more than $3.5B under management as of December 2022 (Kate Clark/The Information)
Kate Clark / The Information: Memo: Genesis parent company DCG shut its wealth management division HQ on January 2; filing:…
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Sources: crypto lender Genesis Global laid off 30% of its staff, after cutting 20% of its 260 workforce in 2022, and is considering filing for bankruptcy (Wall Street Journal)
Wall Street Journal: Sources: crypto lender Genesis Global laid off 30% of its staff, after cutting 20% of its 260…
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Gemini Trust COO Noah Perlman leaves the company, as founders Tyler and Cameron Winklevoss struggle to regain $900M in customer funds lent to DCG's Genesis (Olga Kharif/Bloomberg)
Olga Kharif / Bloomberg: Gemini Trust COO Noah Perlman leaves the company, as founders Tyler and Cameron Winklevoss struggle to…
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Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in part to avert a $350M loan repayment to Todd Boehly's Eldridge (Nikou Asgari/Financial Times)
Nikou Asgari / Financial Times: Sources: DCG is attempting to raise capital and avoid bankruptcy for its Genesis subsidiary in…
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