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Genesis Global Trading, a subsidiary of the crypto conglomerate Digital Currency Group (), filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night.
A bankruptcy judge approved a chapter 11 wind-down plan for Genesis that will pay back creditors about 77% of the same digital assets that they lent to the cryptocurrency lender before its ...
Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the announcement, the firm aims to enact “a global ...
Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry. By MICHELLE CHAPMAN Published : Jan. 20 ...
Genesis Creditors Forge New Chapter 11 Deal With Parent Digital Currency Group. ... Digital Currency Group, paving a way for resolving billions of dollars in cryptocurrency claims in chapter ...
Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry. Skip to content. Local News.