DCG Says Genesis Bankruptcy Plan Overpays Customer
Genesis Capital’s parent company, Digital Currency Group (DCG), has objected to the lender’s bankruptcy plan, asserting that it contravenes the Bankruptcy Code and plans to pays creditors way more money than the amount of the petition. Genesis, a subsidiary of DCG, allegedly intended to pay its clients over what the law authorizes. On February 5, […]
Crypto Exchange Bullish Buys News Website CoinDesk
Cryptocurrency exchange Bullish said on Monday it has acquired crypto news website CoinDesk from Barry Silbert’s Digital Currency Group (DCG). Bullish purchases CoinDesk with plans to spend heavily in the company’s international growth and names the former Wall Street Journal chief editor as chair of the editorial committee. Digital Currency Group has sold CoinDesk to […]
DCG Enlists Barry Berke for Legal Battle Against NYAG Charges
Digital Currency Group (DCG), a leading crypto conglomerate, has hired Barry Berke, a prominent trial lawyer who has represented high-profile clients and served as chief impeachment counsel for the U.S. House of Representatives, to defend itself against a civil lawsuit from the New York Attorney General (NYAG). The lawsuit accuses DCG, its subsidiary Genesis, and […]
NYAG Sues Gemini, Genesis, DCG for $1 billion Crypto Fraud
The New York Attorney General (NYAG) has filed a lawsuit against crypto exchange Gemini, crypto lending firm Genesis, crypto investment company DCG, and two executives, alleging that they conspired to fraudulently represent Genesis’ financial condition to hide a $1 billion hole in its finances. Gemini lied to investors about the Earn program According to the […]
DCG Strikes in Principle Agreement with Genesis
Digital Currency Group (DCG), a leading cryptocurrency venture capital firm, has agreed in principle with creditors of its crypto lending subsidiary, Genesis, once carried out the plan recoveries could amount to 70%–90% for Genesis creditors According to a court filing published on August 29, the estimated dollar equivalent recoveries for unsecured creditors could range from […]