Genesis To Return $2B Of Crypto Under Gemini Settlement

By Clara Geoghegan · April 16, 2024, 8:28 PM EDT

Bankrupt crypto lender Genesis will return 97% of digital assets from a customer program with crypto platform Gemini by early May after a New York bankruptcy judge on Tuesday approved a...

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Bankruptcy Scorecard


Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.

Case Number



Sean H. Lane


U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$5.1 billion

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Case Information

Case Title

Genesis Global Holdco, LLC

Case Number



New York Southern

Nature of Suit

Date Filed

January 19, 2023