Genesis Global starts creditor repayments after bankruptcy restructuring, benefiting from Bitcoin's recovery.
New York Attorney General has obtained a $2 billion settlement from bankrupt cryptocurrency lender Genesis Global to create a fund for 29,000 defrauded investors.
Genesis Global, a cryptocurrency lender, has had its Chapter 11 liquidation plan approved by U.S. Bankruptcy Judge Sean Lane, enabling the return of around $3 billion to creditors.
The New York State Attorney General has settled a $2 billion case with Genesis Global due to Gemini Earn fraud, marking a significant event in cryptocurrency regulation and impacting Bitcoin and Ethereum.
Genesis Global gets court approval to repay creditors about $3b in crypto and cash during its Chapter 11 bankruptcy case.
A US bankruptcy court approved Genesis Global's liquidation plan to return $3 billion to its creditors, marking a turning point in the company's bankruptcy proceedings.
Genesis Global has received court approval to return billions in digital assets to creditors, impacting its parent company DCG and their BTC and ETH holdings amidst legal issues.
U.S. Bankruptcy Judge Sean Lane approved Genesis Global's Chapter 11 plan, allowing the crypto lender to repay around $3 billion to customers amid bankruptcy proceedings, despite objections from Digital Currency Group.
Genesis Global receives judicial approval to distribute $3 billion to creditors, prioritizing their claims over DCG's equity stakes.
A court has approved Genesis Global's $3 billion repayment plan, despite objections from Digital Currency Group, marking a significant step in their efforts to navigate financial complexities.
Genesis Global has received court approval to distribute Bitcoin and Ethereum to its creditors as part of its bankruptcy recovery plan.
Genesis Global, a bankrupt crypto lending firm, received court approval for a crypto distribution plan to its creditors, aligning with similar actions by FTX.
Genesis Global secured court approval for a Chapter 11 repayment plan, allowing the distribution of Bitcoin and other cryptocurrencies to creditors.
