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Genesis has initiated legal proceedings against its former business partner, Gemini, seeking to recover millions in privileged transfers.
Genesis’ suit against DCG puts the firm in yet another legal battle, with its Gemini Issue still unresolved.
Crypto lender Genesis and its parent company have agreed on a new debt servicing plan.
Genesis has filed for bankruptcy protection with debts of over $3.5 billion, but crypto markets are unmoved. This is why.
In less than six months, crypto lending platform Genesis Global has reduced its workforce for the second time.
Three users have accused Genesis Global Capital of breaching a contract and offering unregistered securities.
In the lawsuit, investors alleged that the Gemini exchange and the Winklevoss twins violated the Exchange Act.
Genesis Global Capital could be in a deeper financial crisis than reported.
Traders fear that the collapse of Genesis could prolong the crypto winter even further.
Crypto lender Genesis was reportedly seeking a bailout of up to $1 billion on Monday.
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