Genesis Seeks $689M in Legal Tussle with Gemini for Recovery
Genesis pursues $689 million recovery in a legal clash with Gemini post-FTX collapse, sparking lawsuits and disputes over fund recovery and collateral use.
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Genesis pursues $689 million recovery in a legal clash with Gemini post-FTX collapse, sparking lawsuits and disputes over fund recovery and collateral use.
The claim alleges that Gemini's preferential transfers of funds from Genesis unfairly disadvantaged other creditors, prompting a plea to the court for rectification.
CoinShares noted that inflows into digital asset investment products totaled $109 million last week despite “weak prices and the negative impact of looming conflict in Eastern Europe.”