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Genesis CEO Receives Privilege To Purchase Discounted Bitcoin On FTX
Sam Bankman-Fried (SBF), the founder of FTX, gave a discount to Genesis executives, as per to the initial disclosure that…
Genesis
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$1.1 Billion Loss is Anticipated for The Digital Currency Group in 2022.
Digital Currency Group (DCG) would only have $262 million in cash and cash equivalents at the end of 2022.
In…
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Justin Sun Willing to Invest $1B to Purchase Crisis DCG
As per Reuters, Justin Sun, the founder of TRON, plans to repurchase the assets of faltering cryptocurrency firm Digital Currency…
J.K. Tan
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Winklevoss Wants Barry Silbert Out of Digital Currency Group
Cameron Winklevoss, co-founder of Gemini, has requested that Barry Silbert be fired as CEO of Digital Currency Group immediately because…
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DCG Closed $3.5B Asset Management Company
DCG has closed its wealth management division due to the protracted crypto winter that is impeding corporate operations. The company…
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Digital Currency Group Being Investigated by DOJ, SEC
According to Bloomberg, the investigations, which seem to be in the early stages, are concentrated on money transfers between DCG…
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Court Subpoenas for Two 3AC Founders are Issued Due To Missing
After spending a long period in hiding, two of the founders of 3AC got a subpoena from the Singapore Court.…
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Genesis is Currently Laying Off 30% of Its Workforce
Given the growing pressure from creditors and the potential for bankruptcy, Genesis Trading has begun a new round of layoffs…
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Genesis is Considering Declaring Bankruptcy Under Chapter 11
Genesis Global Trading, a division of DCG that was severely harmed by the demise of FTX, has stranded funds of…
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Results of Genesis-DCG Loan in Class Action Arbitration Case from Gemini Clients - January 3, 2023
Three Gemini Earn customers have asked for class action arbitration against Genesis Global Capital and Digital Currency Group as a…
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340,000 Users' Representative Cameron Winklevoss Criticizes DCG Founder Barry Silbert
Cameron Winklevoss, a co-founder of the cryptocurrency exchange Gemini, released a letter that was addressed to Barry Silbert, the founder…