Genesis Global Holdco, LLC

  1. July 17, 2025

    Under The Radar: Bankruptcy News You May Have Missed

    Failed cryptocurrency lender Genesis Global told a New York bankruptcy judge its parent company was attempting to "usurp" its control over prosecuting estate causes of action, asking the court to allow the debtor to enforce its rights. Meanwhile, the debtor entity of The Dolphin Co., an aquatics park operator, accused the firm's CEO of diverting its revenue, and the Chapter 11 case of chicken joint chain Sticky's was converted to a liquidation.

  2. July 15, 2025

    Judge Aims For Quick Decision On Gemini Settlement

    A New York bankruptcy judge said Tuesday that he would try to reach a decision quickly on cryptocurrency exchange Gemini's motion to enforce a settlement it reached last year with bankrupt former cryptocurrency lender Genesis Global Holdco LLC related to users of an interest-accruing lending program, Gemini Earn.

  3. May 27, 2025

    23andMe Agrees To Sale, Rite Aid Pharmacy Deals Get OK

    Regeneron Pharmaceuticals emerged as the winning bidder for 23andMe last week, agreeing to buy the genetics testing company out of bankruptcy for $256 million. Meanwhile, a judge approved Rite Aid's sale of pharmacy assets to CVS, Walgreens and others, and tensions flared during a hearing in Texas on disputes stemming from an undisclosed romance between a former Jackson Walker attorney and bankruptcy judge.

  4. May 20, 2025

    Crypto Co. Genesis Sues Parent Co. Over $1.2B In Transfers

    Genesis Global Capital, a crypto lender that filed for bankruptcy in 2023, is now suing its parent company in bankruptcy court, seeking to recover more than $1.2 billion that the lender says was transferred to insiders while the company was insolvent and headed for Chapter 11.

  5. May 15, 2025

    Genesis Fights Jefferies Bid To Be Paid In Bitcoin Over USD

    Failed cryptocurrency lender Genesis Global has asked a New York bankruptcy judge to throw out investment bank Jefferies' request for an order forcing the wind-down debtor to take back money it paid Jefferies and instead reimburse it in bitcoin, arguing it's too late for the bank to amend a claim that was filed "solely in dollars."

  6. August 12, 2024

    Byju's Dodges Dismissal, Crypto Updates, SunPower Filing

    The U.S.-based affiliate of Indian educational technology giant Byju's avoided the dismissal of its Chapter 11 case in Delaware, a subpoena for cellphone records from former bankruptcy judge David R. Jones was quashed, and a $2 billion bankruptcy from a residential solar technology company was filed. This is the week in bankruptcy

  7. August 06, 2024

    Genesis Seals Deal To End $600M Dispute With DCG

    Defunct cryptocurrency services company Genesis Global on Tuesday ended a $600 million dispute with its parent company Digital Currency Group while saying it hopes other litigation against DCG can add to the $3 billion in assets it returned to customers last week.

  8. June 25, 2024

    Genesis Global Strikes $40M Deal With Unnamed Customer

    Attorneys representing defunct cryptocurrency services company Genesis Global told a New York bankruptcy court Tuesday an anonymous customer agreed to pay it $40 million to resolve their dueling claims over a loan.

  9. June 03, 2024

    WeWork Plan Approval, Crypto Update, Giuliani Creditor Fight

    Office space provider WeWork's plan to wipe out $4 billion in debt and end its Chapter 11 case was approved, defunct crypto lending platform Genesis Global Holdco LLC expects to exit bankruptcy in July and the official committee of unsecured creditors in Rudy Giuliani's Chapter 11 has asked a New York bankruptcy judge to hand control of the Republican firebrand's estate to a trustee.

  10. May 30, 2024

    Crypto Lender Genesis On Track To Exit Ch. 11 In July

    Attorneys for Genesis Global Holdco LLC told a New York bankruptcy judge Thursday that the defunct crypto lending platform expects to exit bankruptcy in July and has laid groundwork to help it quickly kick off creditor distributions under its liquidation and wind down Chapter 11 plan.