Tagged: dcg

August 19, 2025 @ 9:33 am By Omar Faridi  |  

The Digital Currency Group (DCG) has initiated legal action against its subsidiary, Genesis Global Capital LLC, in a dispute centered on a $1.1 billion promissory note issued during the crypto market turmoil of 2022. The lawsuit, filed on Thursday in the U.S. Bankruptcy Court for… Read More

May 20, 2025 @ 11:12 pm By Omar Faridi  |  

The Genesis Litigation Oversight Committee, which represents the interests of creditors, filed two major lawsuits (on behalf of Genesis debtors and their bankruptcy estates) against its parent company, Digital Currency Group (DCG), its CEO Barry Silbert, and a network of so-called insiders. The legal actions,… Read More

January 17, 2025 @ 2:36 pm By JD Alois  |  

The Securities and Exchange Commission said that it had settled charges against Digital Currency Group Inc. (DCG), and Soichoro “Michael” Moro, the former CEO of DCG’s now-defunct subsidiary, Genesis Global Capital LLC. The settlement entails the payment of a civil penalty of $38.5 million. The… Read More

April 28, 2024 @ 11:23 am By Omar Faridi  |  

The Digital Currency Group (DCG) recently announced the appointment of Aimie Killeen as Chief Legal Officer (CLO). An experienced legal executive with a track record executing legal strategies that drive corporate success and shareholder value, Killeen brings “to DCG 20+ years of deep expertise in… Read More

February 12, 2024 @ 10:58 am By Omar Faridi  |  

New York Attorney General Letitia James recenty filed an amended complaint, expanding the Office of the Attorney General’s (OAG) lawsuit against Digital Currency Group, Inc., DCG’s CEO, Barry Silbert, and Genesis Global Capital, LLC and its affiliates’ (Genesis) former CEO, Soichiro Moro, for allegedly “defrauding… Read More

December 29, 2023 @ 9:05 am By JD Alois  |  

Barry Silbert, the founder of Grayscale, which is part of the Digital Currency Group (DCG), has resigned from his position as a board member of Grayscale. Grayscale is the sponsor of the Grayscale Bitcoin Trust (OTC:GBTC), an OTC markets traded vehicle that allows investors to… Read More

September 4, 2023 @ 9:48 am By Omar Faridi  |  

Digital currency exchange Gemini is attempting to encourage various other creditors behind a plan to get more money from bankrupt cryptocurrency lending company Genesis‘ parent firm, the Digital Currency Group (DCG), This, according to an update from the Information shared this past Friday. The latest… Read More

July 8, 2023 @ 3:25 pm By Omar Faridi  |  

Digital asset firm Gemini, one of the largest creditors of bankrupt virtual currency lending platform Genesis, has reportedly sued parent firm Digital Currency Group (DCG) and its CEO. This update has been announced the day after DCG missed the crypto exchange’s deadline for agreeing to… Read More

July 4, 2023 @ 1:08 pm By JD Alois  |  

The ongoing battler between the Digital Currency Group (DCG) and Gemini has ratcheted up as Cameron Winklevoss has sent a demand letter to DCG and founder Barry Silbert. To take a step back, Gemini had utilized the services of DCG subsidiary Genesis for its yield… Read More

March 22, 2023 @ 10:28 am By Omar Faridi  |  

Luno has announced that their co-founder and Chief Executive Officer Marcus Swanepoel is moving into a new role as Executive Chairman and Chief Operating Officer. Luno is a crypto exchange that is part of the Digital Currency Group (DCG). James Lanigan, who has been with… Read More

February 6, 2023 @ 7:00 pm By JD Alois  |  

Genesis Global Holdco, LLC says that it has reached an “agreement in principle” with Digital Currency Group (DCG) and the ad hoc groups of creditors of Genesis Global Capital, LLC, which holds or represents more than $2 billion in claims, according to a note from… Read More

January 13, 2023 @ 1:24 pm By JD Alois  |  

Yesterday, the Securities and Exchange Commission (SEC) announced an enforcement action against Gemini, a digital asset platform, and Genesis – a subsidiary of Digital Currency Group (DCG). The revelation of the lawsuit arrived at a challenging time for both firms as Gemini is in the… Read More

January 12, 2023 @ 6:03 pm By JD Alois  |  

The ongoing virtual fisticuffs between Gemini and Genesis – a subsidiary of Digital Currency Group (DCG), just took a dramatic twist as the Securities and Exchange Commission (SEC) has filed charges against both Gemini and Genesis pertaining to the Gemini Earn program and the sale… Read More

January 10, 2023 @ 5:57 pm By JD Alois  |  

Cameron Winklevoss, co-founder of the Gemini, has taken to Twitter once again to take Digital Currency Group (DCG) to task in regards to their relationship with DCG subsidiary Genesis. Last week, Winklevoss posted a letter on Twitter criticizing founder Barry Silbert and his DCG, hammering… Read More

January 6, 2023 @ 9:55 am By JD Alois  |  

The drums are pounding for institutional crypto trading firm Genesis and its parent company Digital Currency Group (DGC). Genesis halted redemptions in November following “abnormal withdrawal requests which have exceeded our current liquidity.” This event has impacted the crypto trading platform Gemini as it utilized… Read More

January 5, 2023 @ 3:02 pm By JD Alois  |  

Genesis, part of the Digital Currency Group (DCG) and previously a big crypto lender, is considering filing for Chapter 11 bankruptcy, according to a report. The institutional-focused digital asset platform revealed issues in November when it temporarily suspended redemptions. Genesis, like some other crypto firms,… Read More

January 3, 2023 @ 11:59 am By JD Alois  |  

Crypto firm Gemini has posted an open letter criticizing Barry Silbert and his company Digital Currency Group (DCG). In November, following the collapse of FTX, Genesis – a subsidiary of DCG – halted redemptions. Gemini had utilized the Genesis lending platform for its Earn program… Read More

August 10, 2022 @ 10:56 am By JD Alois  |  

Digital asset prime brokerage Genesis has published its Q2 report sharing some interesting insight into crypto markets. According to Genesis, crypto lending declined while OTC trading rocketed higher. Genesis shares: The lending desk originated $40.4 billion in new loans, a decline of 9% from the… Read More

July 29, 2022 @ 4:57 pm By Omar Faridi  |  

CLST, an institutional-only lending and borrowing venue for stablecoins and crypto assets, has closed a seed round, led by Spartan Group, with participation from Coinbase Ventures, Kraken Ventures, GSR, Menai Financial Group, Luno Expeditions, a subsidiary of Digital Currency Group, and TX Ventures – the… Read More

May 8, 2022 @ 6:02 pm By Omar Faridi  |  

Genesis, a digital asset industry pioneer and the “premier” institutional crypto derivatives provider, recently announced that GGC International Limited has “joined the International Swaps and Derivatives Association (ISDA) as a Primary Member.” Genesis, through its GGC International Limited entity, was “one of the first participants… Read More