Genesis Bankruptcy

New York Attorney General Letitia James on Monday announced a landmark settlement on Thursday, revealing that her office has secured $2 billion from Genesis Trading for defrauding investors. What Happened: This settlement, the largest against a cryptocurrency company in New York’s history,...

A U.S. bankruptcy court on Wednesday granted bankrupt crypto lending firm Genesis Global the go-ahead to offload approximately $1.6 billion worth of Grayscale cryptocurrency trust shares, aiming to settle debts with its creditors. Reuters reports that the approval came from Bankruptcy Judge...

Genesis Global, the crypto lending company that filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors.  What Happened: Genesis released a list of their top 50 unsecured creditors. We look at the top five unsecured claims,...