SEC charges Genesis and Gemini for the Unregistered Offer and Sale of Crypto Asset Securities through the Gemini Earn Lending Program. According to the complaint, in December 2020, Genesis, part of a subsidiary of Digital Currency Group, entered into an…
Sources tell The Block crypto trading firm Genesis Trading—which has been struggling to raise emergency capital to shore up its lending unit’s liquidity profile—has slashed its raise target from $1bn to $500 million. Its faces potential bankruptcy if funding isn’t…
Genesis Crypto Exchange, purportedly needs $500mm to $1bn in emergency financing or will face bankruptcy. Genesis, likely already lost more money than it ever earned thanks to the 3AC bankruptcy and FTX – Alameda Implosion but DCG absorbed the $1.2bn…
Genesis Global Capital, has temporarily suspended the ‘Earn’ program on its protocol. Following the implosion of FTX and the locking up of over $175 million, Gemini’s lending arm faces a liquidity crisis and is actively seeking new capital, Its parent company…
