Genesis Global Holdco, LLC

  1. June 15, 2023

    Genesis Global Says FTX Ch. 11 Claims Should Be Estimated

    Bankrupt cryptocurrency investment platform Genesis Global told a New York judge Thursday that billions of dollars in claims against its estate by crypto exchange FTX Trading should be subject to estimation proceedings rather than proceeding in FTX's own bankruptcy case.

  2. June 05, 2023

    Genesis Global To Continue Plan Mediation In Ch. 11

    Bankrupt cryptocurrency lender Genesis Global received permission Monday from a New York bankruptcy judge to extend its efforts to mediate a global resolution with creditors and other stakeholders, with the court saying negotiations usually help speed up a reorganization.

  3. May 09, 2023

    Digital Currency Group Seeking To Refinance Genesis Debt

    Genesis Global Holdco parent Digital Currency Group announced Tuesday it is seeking to refinance its more than $1.7 billion in debt to the bankrupt cryptocurrency lender as it continues to participate in talks on Genesis' Chapter 11 plan.

  4. May 04, 2023

    FTX Wants $4B Payment Back From Bankrupt Lender Genesis

    FTX Trading Ltd. wants to claw back roughly $4 billion in transfers it made to bankrupt lender Genesis Global Capital LLC to repay loans prior to the crypto exchange's collapse, according to a filing in Manhattan's bankruptcy court.

  5. April 26, 2023

    Genesis Wants Ch. 11 Mediator To Regain Deal With Creditors

    Bankrupt cryptocurrency lender Genesis Global Holdco LLC has asked a New York court to appoint a mediator to help it get on the same page with its creditors after it said a group of creditors backed out of a 2-month-old settlement outlining the terms of its reorganization.

  6. April 24, 2023

    Genesis Global Says Ch. 11 Creditor Info Is Commercial Asset

    Bankrupt cryptocurrency lender Genesis Global said information about its creditors and customers should be redacted from public filings in its Chapter 11 case because the data is commercially sensitive and has value in its ongoing asset marketing process.

  7. March 30, 2023

    Genesis Global Says Digital Assets Are Safe In Ch. 11

    The holding company for cryptocurrency lender Genesis Global told a New York bankruptcy judge on Thursday that its digital assets are being stored on a secured platform with robust security, addressing concerns that had been raised by the Office of the United States Trustee.

  8. February 06, 2023

    Bankrupt Lender Genesis To Sell Trading Arm In Restructure

    Bankrupt cryptocurrency lender Genesis agreed Monday to the sale of its sister trading firm, the equitization of a $1.1 billion promissory note it received and the refinancing of loans it's owed by its parent company, Digital Currency Group, as part of an agreement with DCG, certain creditors and crypto exchange Gemini in its Chapter 11 restructuring.