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Genesis

A man in a suit with huge glasses cover almost all of his face
Exchanges
DCG Sells Shares in Grayscale Crypto Trusts at Steep Discount to Raise Funds for Genesis Creditors

DCG focuses on the Ethereum trust and sells $8 per share, despite each share’s claim to $16 of ether.
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Genesis and Gemini robots shake hands in the foreign planet.
SEC
Genesis and Gemini Reach Agreement: DCG Scrambles to Sell Assets – Latest News on Genesis Bankruptcy

DCG is dumping its assets to save Genesis, on the hook for $900 million in Gemini Earn deposits.

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A man putting numbers on the image of the Winkevoss twins.
Regulations
Gemini Under Investigation Over False FDIC Claims: Report

Gemini is under investigation due to references about FDIC insurance in relation to its high-yield Earn program.

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Bitcoin Jesus Roger Ver holding fans made of money.
Bitcoin (BTC)
‘Bitcoin Jesus’ Echoes Gemini Claims of ‘Accounting Fraud’ at Genesis

Roger Ver said that Genesis refused to clarify some points in its allegedly misreported financial statements.
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Gemini Winklevoss twins stand besides each other.
Exchanges
Gemini Resorts to Third Wave of Job Cuts After DCG Meltdown

The exchange has reportedly laid off around 10% of its employees.
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Cameron Winklevoss holding Barry Silbert by the neck.
Regulations
Winklevoss Twins Threaten to Sue DCG CEO After Genesis Bankruptcy

Winklevoss twins threaten to sue DCG over $900 million in loans that Gemini Earn users gave to Genesis.

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CEO of Genesis Marco Streng angry dealing with bankruptcy papers.
Exchanges
Crypto Lender Genesis Is Preparing for Bankruptcy Filing

Genesis Global Capital might file for bankruptcy as soon as this week if it fails to raise enough cash.
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Barry Silbert sitting on the moon in outer space.
Cryptopedia
Who is Barry Silbert? DCG, Genesis, and His Rise to Crypto Fame

Profile of Barry Silbert, the millionaire owner of Digital Currency Group, the parent company of Crypto's recently insolvent lender Genesis.
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Policeman issues a parking ticket to a fancy pink sportscar.
Regulations
Gemini’s Winklevoss Responds to SEC’s Charges, Calls Them ‘Manufactured Parking Ticket’

Tyler Winklevoss said that the SEC’s actions are “totally counterproductive” and “super lame.”
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Lady Justice statue holding scales and sword.
Regulations
SEC Charges Genesis and Gemini, Alleges Genesis Loaned Customer Assets to DCG

The agency said that Genesis lent $575 million, including Gemini Earn customer assets, to its parent company DCG.
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Barry Silbert a thwe table laying off staff.
Exchanges
DCG’s Genesis Reportedly Owes Over $3 Billion to Its Creditors

DCG is considering liquidating part of its $500 million venture capital portfolio to help Genesis with the debt.
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A man in suit is going downstairs while another man cut in half is pointing his hand at something and papers are flying around. Gemini, Genesis
Regulations
Gemini Terminates Genesis Loans, Ends Crypto Yield Program

The exchange said it would “operate with the utmost urgency” to return users over $900 million stuck with Genesis.
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Barry Silbert with his fingers crossed in front of Su Zhu.
Exchanges
DCG Never Had a Relationship With 3AC – CEO Barry Silbert

Barry Silbert clarified details of its relations with bankrupt crypto hedge fund Three Arrows Capital (3AC) and Genesis Global Capital.
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Two big twin men surround a smaller man
Regulations
Gemini’s Winklevoss Accuses DCG CEO Silbert of Fraud, Demands His ‘Immediate’ Removal

Winklevoss said that Silbert and DCG committed accounting fraud by lying that DCG had absorbed Genesis’ 3AC losses.
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Man sitting in a convertible that's driving fast and has dollars flying out of its trunk
Regulations
Barry Silbert’s DCG Faces SEC and DOJ Investigation Over Internal Transfers

A DCG spokesperson said that the company is unaware of any active investigations related to its business activities.
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Derar Islim wearing a bathrobe with Genesis logo holding a white peace of paper next to a stack of documents.
Regulations
Genesis Unlikely to Meet Gemini’s Deadline as CEO Says It Needs ‘Additional Time’ to Sort Liquidity Issues

Derar Islim said in a letter to its investors that the firm’s financial woes are “a very complex process.”
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Cameron Winklevoss and Barry Silbert anatomy.
Exchanges
Who Are Cameron Winklevoss and Barry Silbert? Gemini and DCG Conflict Explained

Winklevoss and Silbert publicly went at each other yesterday on Twitter. What was the cause of their sudden conflict?
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Gemini co-founder heavilily criticizes DCG CEO Barry Silbert
Exchanges
Gemini’s C. Winklevoss Issues Ultimatum to DCG CEO B. Silbert, Says DCG and Genesis Are ‘Beyond Commingled’

Winklevoss claims that Digital Currency Group CEO Silbert has been engaging in “bad faith stall tactics”.
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Micheal Moro sitting on a black armchair and throwing a bomb made from money with GEN written on it
Altcoins
Genesis Dismisses Bankruptcy Reports, Aims to Seek Compromise

Before halting withdrawals, cryptocurrency lender Genesis was reportedly looking for a $1 billion bailout.

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A bug with the head of Sam Bankman Fried is chasing humans on the background with pink virus
USD Coin (USDC)
Genesis’ Lending Arm, Gemini Earn, Halt Withdrawals as FTX Contagion Spreads

Genesis said the blowup of FTX resulted in “abnormal withdrawal requests” that exceed liquidity and forced it to suspend redemptions.
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