Digital Currency Group disputes Genesis' settlement with NYAG over fraud charges, arguing it unfairly prioritizes certain creditors, challenging legal and regulatory norms in the crypto industry.
BrianExplore the latest developments in the complex legal and financial saga of Gemini Earn, Genesis, and DCG as of 2024, including restructuring plans, court rulings, and user reactions.
MiyukiDCG’s subsidiary underwent a second round of job cuts after being hit by FTX implosion.
cryptopotatoCryptocurrency conglomerate Digital Currency Group has informed its shareholders the firm is suspending dividends until further notice.
CoindeskFederal prosecutors in New York, along with the SEC, are investigating DCG for internal transfers at its lending subsidiary Genesis, Bloomberg reported on Friday.
decryptBarry Silbert, founder and chief of Digital Currency Group (DCG), has revealed that the company owes $2B to its subsidiaries and external creditors.
BeincryptoClaimants allege in a filing that Genesis breached its Master Agreement when it became insolvent in the summer of 2022, while hiding its insolvency from lenders like Gemini.
CoindeskDCG CEO Barry Silbert sought to reassure investors today following the collapse of FTX, detailing its intercompany loans with Genesis.
After Genesis Trading's lending arm shut down its services last week, the rumor mill started buzzing about a possible bankruptcy of DCG
BitcoinistGenesis and its parent company, Digital Currency Group (DCG), are under pressure, and there are growing concerns about their potential default.
Bitcoinist