May 17, 2024
Crypto

Crypto firms Genesis and Gemini discussed possible merger in 2022, court filings show

Crypto exchange Gemini and the now-bankrupt crypto brokerage firm Genesis discussed a potential merger in October 2022 in the wake of the collapse of hedge fund Three Arrows Capital, which left Genesis with a $1 billion hole. The discussion took place in a lunch between Barry Silbert, CEO of Digital Currency Group — which owns

Read More
Crypto

Genesis asks bankruptcy court to approve $1.4 billion sale of GBTC shares

Published 1 minute earlier on Bankrupt crypto lender Genesis Global Capital has filed a new motion with the U.S. Bankruptcy Court in the Southern District of New York seeking authorization to sell approximately $1.6 billion in trust assets.  According to the filing, the assets held by Genesis, a subsidiary of the Digital Currency Group, include

Read More