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Genesis Global Holdco, LLC

  1. August 29, 2023

    Genesis, Unsecured Creditors Ink Deal Over Earn Accounts

    Bankrupt cryptocurrency lender Genesis Global Holdco LLC has reached an agreement in principle with unsecured creditors and its parent company that, if finalized, would provide for a "comprehensive resolution" of the company's bankruptcy case, which includes claims stemming from Genesis' partnership with cryptocurrency exchange Gemini on certain interest-bearing accounts known as the Earn program.

  2. August 25, 2023

    FTX, BlockFi, Genesis Claimant Data Breached In Cyberattack

    Claims and noticing agent Kroll LLC announced on Friday that cybercriminals have exposed data belonging to claimants in the FTX, BlockFi and Genesis Global Holdco bankruptcies following a "highly sophisticated" cyberattack directed against Kroll employees.

  3. August 17, 2023

    Genesis Grants FTX $175M Claim To End Ch. 11 Disputes

    Genesis and FTX are seeking approval from Delaware and New York bankruptcy courts to grant an FTX affiliate a $175 million unsecured claim in Genesis' Chapter 11 case to settle their claims against each other's bankruptcy estates.

  4. July 31, 2023

    Crypto Cos. Genesis, FTX Reach Deal On Bankruptcy Claims

    Crypto companies Genesis and FTX have reached an agreement over their respective claims on each other's bankruptcy estates, according to a joint letter the two parties have sent to a New York bankruptcy judge.

  5. July 06, 2023

    Judge Urges Genesis, FTX To Keep Talking In $3B Claim Row

    A New York bankruptcy judge advised cryptocurrency platform Genesis Global to continue discovery efforts with FTX Trading Ltd. over up to $3 billion in claims against Genesis' estate, declining to issue a ruling Thursday on the parties' competing proposals to break a logjam on the validity and value of the claims.

  6. July 05, 2023

    Winklevoss Makes 'Final Offer' To DCG Over $1.4B Payment

    Gemini co-founder Cameron Winklevoss said this week he plans to take Digital Currency Group head Barry Silbert to court if he doesn't agree to Gemini's "best and final offer," which demands a $1.4 billion payment to resolve claims from Gemini Earn customers in the bankruptcy of DCG subsidiary Genesis Global Holdco.

  7. 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.

  8. 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.

  9. 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.

  10. 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.