Genesis Global, a bankrupt crypto lender, has filed a lawsuit against Gemini Trust, seeking to recover over $689 million that customers withdrew during a 'run on the bank' before Genesis filed for Chapter 11 bankruptcy. The lawsuit marks the latest round of litigation between the two firms. Digital Currency Group (DCG), the parent company of Genesis, has reached a repayment agreement with Genesis to end a lawsuit seeking roughly $620 million, with DCG agreeing to pay Genesis $200 million in the coming weeks and complete the payment by April 2024.
Genesis and DCG reach deal for overdue debt, creditors to vote https://t.co/WyinV769KH
Genesis and DCG have proposed a deal to settle their lawsuit with a repayment plan. https://t.co/LNi4m732ZN
DCG & Genesis fraud update: DCG and its wholly owned (read: conflicted) subsidiary, Genesis, have proposed a settlement. It includes hundreds of millions of dollars in principal forgiveness. Creditors must approve the deal. DCG subsidiary Grayscale is generating hundreds… https://t.co/NSdGGnAdUa
A lawsuit filed by Genesis against its parent company DCG could soon conclude after the two reached an agreement that would see the latter repay $275 million early next year. https://t.co/1cPGePuePA
Crypto lending giant Genesis has reached a new repayment deal agreement with its parent company Digital Currency Group. https://t.co/tCw3pubrCG
Genesis and DCG have proposed a deal to settle their lawsuit with a repayment plan, @thesamreynolds reports https://t.co/DUgDfREMVJ
Genesis and its parent company, DCG, have shaken hands on a $620 million repayment deal aimed at resolving what could have been a costly and lengthy lawsuit against DCG. https://t.co/GGR4bB4Prj
DCG has reached a new repayment agreement with its bankrupt subsidiary Genesis, which will end its lawsuit claiming $620 million from DCG. DCG will pay Genesis $200 million in the coming weeks and complete it in April 2024. As of Nov. 28, DCG owed Genesis $324.5 million.…
Digital Currency Group struck a new deal with its bankrupt subsidiary Genesis Global as part of an agreement to end a lawsuit that sought roughly $620 million from DCG https://t.co/yBh9xDM9j0
Digital Currency Group struck a new deal with its bankrupt subsidiary Genesis Global as part of an agreement to end a lawsuit that sought roughly $620 million from DCG https://t.co/jZ1sNqjVxH
Digital Currency Group struck a new deal with its bankrupt subsidiary Genesis Global as part of an agreement to end a lawsuit that sought roughly $620 million from DCG https://t.co/qUPKX7foR8
Digital Currency Group struck a new deal with its bankrupt subsidiary Genesis Global as part of an agreement to end a lawsuit that sought roughly $620 million from DCG https://t.co/7uOCmCvqFe
Lawsuit filed by Genesis marks the latest round of litigation with crypto exchange Gemini Trust https://t.co/sTj9gsmcJZ
The @SECGov has sued @krakenfx as an unregistered crypto platform, much like the cases against exchanges Coinbase and Binance, but it's added a complaint about comingling customer funds. https://t.co/CJ339ArpJE
Bankrupt crypto lender Genesis has sued Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, to recover more than $689 million. https://t.co/385XvREmSs
Genesis Targets #Crypto Exchange Gemini in $689M Legal Battle Over Alleged Preferential Crypto Withdrawals https://t.co/rHiBsub94M
GENESIS SUES GEMINI OVER $689 MILLION (Reuters) Crypto lender Genesis Global sued partner Gemini Trust Co, seeking to recover more than $689 million that customers of the companies withdrew during a "run on the bank" that caused Genesis to collapse into bankruptcy. https://t.co/JWTS5twkaW
Genesis Global has filed a lawsuit to recover about $689.3 million worth of digital assets that a former business partner withdrew from the cryptocurrency lender before it filed for chapter 11 bankruptcy protection https://t.co/73QjPCivC7 https://t.co/73QjPCivC7
Bankrupt crypto lender Genesis is suing Gemini to recover nearly $690 million that Genesis says the crypto platform withdrew from Genesis in the months before the company’s Chapter 11 filing in January. https://t.co/yRdjj5VM8e
Bankrupt crypto lender Genesis is suing Gemini to recover nearly $690 million that Genesis says the crypto platform withdrew from Genesis in the months before the company’s Chapter 11 filing in January. https://t.co/55rFzGxUvn
Bankrupt crypto lender Genesis is suing Gemini to recover nearly $690 million that Genesis says the crypto platform withdrew from Genesis in the months before the company’s Chapter 11 filing in January. https://t.co/L3x0q0wtyi
Bankrupt crypto lender Genesis is suing Gemini to recover nearly $690 million that Genesis says the crypto platform withdrew from Genesis in the months before the company’s Chapter 11 filing in January. https://t.co/ksc4AKWuHv
Winklevoss twins’ #crypto firm Gemini sued over $689M in customer withdrawals #CryptoNews #cryptocurrency
NEWS: Legal saga continues as Genesis attempts to recover $689 million from Gemini in new lawsuit https://t.co/1ixHxnMTQg
Genesis sues Gemini over $689 million in customer withdrawals https://t.co/z2z0AF3fiw https://t.co/PVLcilI7J2
JUST IN: Genesis Global sues Gemini Trust for $689M, aiming to recover funds withdrawn during a bank run 👀 Before filing for bankruptcy, 230,000 users withdrew over $500M from their joint "Earn" program 😮 https://t.co/k0Z0nKl2mg