GGCOIN News

While Gemini commits to repaying customers, SBF’s lawyers are trying their best to make sure he avoids a 110 year prison sentence for his crimes.

If the judge signs off on it, DCG’s debt should be repaid in full by April.

Digital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum repaid by April next year.

Bankrupt lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund 3AC.

FTX-affiliated Alameda Research to receive $175m from GGC in settlement, significantly reducing original $3.9bn claims.

Genesis previously reportedly said that the $175 million settlement was “fair and equitable,” while FTX creditors wanted to contest it.

Cameron and Tyler Winklevoss, the Co-Founders of Gemini, are under scrutiny over alleged secret withdrawal of $280 million from the now-bankrupt crypto lender, Genesis. This withdrawal occurred just months before the entire crypto firm...

Coinspeaker Genesis Ceases All of Its Crypto Trading Activities The bankrupt crypto lender Genesis announced that it would cease all of its crypto operations for spot and derivatives trading, for institutional players as well. Genesis Ceases All of...

Genesis has been providing trading services through its international Genesis Global Capital (GGC) division. Genesis allegedly owes its top 50 creditors $3.5 billion. In August Genesis and DCG reached an “agreement in principle” permitting creditors...

Genesis will soon close all of its services, according to a Sept. 14 report. A Genesis spokesperson was on record saying: “Genesis has decided to stop offering digital asset spot and derivatives trading through GGC International, Ltd. (GGCI)…With...