Genesis Global, a bankrupt crypto lender, has filed a lawsuit against Gemini Trust Co, seeking to recover more than $689 million that customers of the companies withdrew during a 'run on the bank' before Genesis filed for Chapter 11 bankruptcy protection. The lawsuit alleges 'unfair' transfers and 'preferential withdrawals' by Gemini. The legal battle between the two entities has been ongoing since the collapse of FTX. The Winklevoss twins' crypto firm, Gemini, is at the center of the lawsuit, with Genesis aiming to recover funds withdrawn during a bank run before its bankruptcy filing. Digital Currency Group (DCG) has reached a new repayment agreement with its bankrupt subsidiary, Genesis, to end the lawsuit, with DCG agreeing to pay Genesis $200 million in the coming weeks and complete the payment by April 2024.
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
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
Winklevoss twins’ crypto firm Gemini sued over $689M in customer withdrawals https://t.co/2pL3edhwMV https://t.co/sWEP7IbfkT
🔸 Winklevoss twins’ crypto firm Gemini sued over $689M in customer withdrawals Crypto lender Genesis Global on Tuesday sued partner Gemini Trust, seeking to recover more than $689 million that customers of the companies withdrew during a “run on the bank” that caused Genesis to… https://t.co/5sn8j922uu
WINKLEVOSS TWINS’ CRYPTO FIRM GEMINI SUED OVER $689M IN CUSTOMER WITHDRAWALS: NYPOST
ICYMI: Genesis seeks to recover $689 million of ‘avoidable transfers’ from Gemini in ongoing legal battle https://t.co/akwRBwTEg7
Genesis Alleges Multi-Million Dollar Preferential Transfers by Gemini Amidst #Crypto Turmoil https://t.co/rHiBsub94M
⚠️ GENESIS SUES GEMINI OVER $689 MILLION IN CUSTOMER WITHDRAWALS Full Story → https://t.co/rGKZH8fqbx Crypto lender Genesis Global on Tuesday sued partner Gemini Trust Co, seeking to recover more than $689 million that customers of the companies withdrew during a "run on the… https://t.co/mebJxXcBWp
Genesis wants Gemini’s $700M in ‘unfair’ transfers made before bankruptcy https://t.co/rTWCJ2dAqa
Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX. Now Genesis is suing to recover more than $689 million from its former business partner. https://t.co/383JJEY8lJ https://t.co/JqboNgndnd
Latest news: 🚨 $9M in Tether connected to scams seized by U.S. DOJ. 📉 Binance agrees to a $4.3B settlement; CEO CZ steps down after a guilty plea. ⚖️ Genesis files a lawsuit against Gemini seeking to recover $689M in 'Preferential Transfers'. https://t.co/4D77tHCNX7