A judge dismissed two claims in the NYAG's suit against DCG, Barry Silbert, and Michael Moro, citing them as duplicative.
The SEC and crypto exchange Gemini have sought a 60-day pause in their legal battle over the Gemini Earn program to explore a potential resolution.
SEC imposes $38 million penalty on Digital Currency Group for misleading investors about Genesis Global Capital's lending program.
SEC fines Digital Currency Group $38 million for misleading investors about the financial stability of Genesis Global Capital.
Digital Currency Group settles SEC charges for misleading investors about Genesis Global Capital's financials, agreeing to a $38 million payment.
Digital Currency Group settles with the SEC for $38 million over misleading investors concerning Genesis Global Capital misconduct.
Bitcoin's price dipped below $60,000, leading to $197 million in market liquidations. The uncertainty and bearish sentiment continue to affect the entire crypto market, impacting Bitcoin, Ethereum, and Solana the most.
Genesis Global Capital has completed its restructuring process and started debt repayments. This follows reports of large-scale network transactions by the company.
Gemini has agreed to a $50 million settlement with the New York State Attorney General’s Office, resolving a lawsuit involving the exchange, Genesis Global Capital, and other defendants.
The New York Attorney General has secured a $2 billion settlement with Genesis Global Capital for defrauded investors, the largest against a crypto firm in state history.
The NY State Attorney General's office settled with Genesis Global Capital for $2 billion to compensate victims of the platform's mismanagement, potentially stabilizing Bitcoin and Ethereum markets.
Genesis Global Capital has agreed to a $2 billion settlement with the New York State Attorney General's office, approved by a bankruptcy judge, to establish a compensation fund for investors who lost money.
New York Attorney General Letitia James secures a $2 billion settlement with Genesis Global Capital to compensate investors affected by a cryptocurrency scam, marking New York's largest settlement of this nature.
New York Attorney General Letitia James secured a record $2 billion settlement with Genesis Global Capital to compensate investors for losses from illegal practices, marking New York's largest crypto settlement.
Genesis Global Capital has received court approval to begin a $3 billion repayment plan to creditors amid bankruptcy, with Digital Currency Group expecting no return from the plan.
U.S. bankruptcy judge approves Genesis Global Capital's $3B repayment plan, bolstering creditor confidence and reaffirming the valuation of digital currencies.
Genesis Global Capital's $3 billion repayment plan was approved in court, overruling Digital Currency Group's objections, allowing creditors to recover up to 77%.
Genesis Global Capital has sold all its Grayscale GBTC shares to buy 32,041 BTC, aiding its bankruptcy repayment plan. However, its parent company, DCG, opposes the plan, believing it unfairly favors senior creditors. Meanwhile, Bitcoin's price shows positive movement ahead of the upcoming halving.
Genesis Global Capital sold its Grayscale fund holdings and used the proceeds to buy 32,041 Bitcoin, valued at $2.17 billion, to reimburse its customers.
Genesis Global Capital, a bankrupt crypto trading firm, has agreed to pay a $21 million penalty to the SEC.
