Genesis Trading Files for bankruptcy under the same article as FTX. The company owes from $1.2 – $11 billion (it is not yet clear exactly 100 thousand creditors), About a billion is debt to clients of the Gemini exchange, with…
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…
