The executives behind the once popular crypto token SafeMoon are facing legal issues as prosecutors claim they used investor cash to buy luxury homes and sports cars. The Grayscale Bitcoin Trust (GBTC) discount has dropped to its lowest level since July 2021, settling at 10.35% below its net asset value. Genesis, a bankrupt crypto lender, has reached a settlement with collapsed hedge fund Three Arrows Capital to pay $33 million, significantly less than the initial $1 billion claim.
Bankrupt crypto lender Genesis, owned by @DCGco, has reached a settlement with collapsed hedge fund Three Arrows Capital to settle $1 billion in claims. @BrandyBetz reports https://t.co/BNylEiFz4u
BAIL DENIED WITH CIA LINK CITED, CRYPTO CRIME BEAT: #SafeMoon Trio Indicted for Crypto Fraud Now Karony Jailed in Utah to be Brought to EDNY- Inner City Press story: https://t.co/siGKgvqJpk Karony's bid for bail, not mentioning CIA (!) here https://t.co/siGKgvqJpk
Genesis settles with 3AC to pay 96.7% less than the $1B it claimed https://t.co/usuTg8LtKp
OK - now in crypto fraud case of US v. Karony / SafeMoon, EDNY hearing on if Karony will be released on bail by / in Utah federal court. Inner City Press is covering the case https://t.co/siGKgvqJpk and will live tweet, thread below
Genesis seeks court’s approval to reduce Three Arrows Capital claim from $1B to $33M, Binance to terminate Russian ruble deposits next week, SafeMoon CEO bail release goes on hold after Feds cite flight risk. Hodler's Digest. https://t.co/CfbM04s4Qv
Bankrupt crypto lender Genesis is seeking court approval to settle $1 billion in claims by defunct hedge fund 3AC with a $33 million payment. By @iamsandali https://t.co/BBUaS80ZXb
The GBTC discount to its NAV has dropped to levels not seen since July 2021 and Genesis has agreed to settle $1 billion in claims by defunct hedge fund Three Arrows Capital, court documents show. @LedesmaLyllah reports in First Mover Americas https://t.co/19WYd4jzIB
Grayscale GBTC discount https://t.co/hpJo9vCS1f
NEW: Grayscale #Bitcoin Trust's discount is now at 10.35% below its net asset value, the lowest level since July 2021 🙌 https://t.co/fRKLv5BCJF
The GBTC discount has dropped to just over 10%, its lowest level since July 2021, as the crypto market continues to be buoyed by the prospect of a spot Bitcoin ETF approval. https://t.co/57ULhGdxR9
.@ARKInvest sold over 200,000 shares in @Grayscale Bitcoin Trust (GBTC) on Nov. 10 amid a rally of about 10% by the $BTC investment vehicle last week. By @JamieCrawleyCD https://t.co/pKYeKAnQya
Grayscale Bitcoin Trust Discount Shrinks as ETF Optimism Mounts ► https://t.co/HvWQXY0tCO https://t.co/HvWQXY0tCO
The GBTC discount continues to narrow as ETF euphoria works through the market with $BTC, $ETH little changed, @thesamreynolds writes https://t.co/pdNYcAxOIt
"CRYPTO PRESUMPTION" OPPOSED: #SafeMoon Trio Indicted for Crypto Fraud in EDNY Appealed Karony Utah Bail Now Reply - Inner City Press story: https://t.co/wHTFswZNv9 Karony's filing on Patreon here https://t.co/O3wncMJvA5
Executives behind once popular crypto token SafeMoon used investor cash to buy luxury homes and sports cars, prosecutors claim https://t.co/hBLzev1Fmi