Genesis Global Agrees to $21M Civil Penalty Linked to Gemini Earn
Genesis Global, a bankrupt crypto lender, agrees to a $21 million penalty tied to Gemini Earn, settling SEC charges of securities law violations.
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18/04/2024 14:51
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From Litigation to Settlement: Genesis Global Holdco's $21 Million Deal with the SEC
The $21 million Genesis-SEC settlement signifies a pivotal shift in crypto regulation, impacting Genesis, its affiliates, and setting a precedent for industry-wide regulatory compliance.
AlexGenesis Global Capital Wants $689 Million From Gemini Trust, Takes Them to Court
The claim alleges that Gemini's preferential transfers of funds from Genesis unfairly disadvantaged other creditors, prompting a plea to the court for rectification.
BrianAs Genesis and Gemini Struggle, Are whales
The leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
BeincryptoGenesis Global Capital Under Scrutiny By US State Regulators
Crypto trading firm Genesis is reportedly under the lens of regulators in the state of Alabama and other U.S. states.
BitcoinistGenesis Global Capital to Explore Options Including Bankruptcy
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
CoindeskBernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global
If Genesis is forced to file for bankruptcy, creditors will have no claim on GBTC assets, the report said.
CoindeskTether Confirms Zero Exposure to Genesis Global or Gemini Earn
The statement was released in response to reports that Genesis Global and the Gemini exchange have stopped allowing withdrawals.
CryptoknowmicsGenesis Global Capital Suspends Withdrawals and Granting Loans
This comes after the collapse of hedge fund Three Arrows Capital and crypto exchange FTX.
BeincryptoCrypto Exchange Huobi Global Will Sell Its Entire Stake To About Capital
Huobi Global has mentioned that its founder is now planning to sell his controlling stake to buyout firm About Capital Management (HK) Co.
Bitcoinist