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Bankruptcy

Genesis’ Crypto Lending Businesses File for Bankruptcy Protection
Video
Dcg
Genesis’ Crypto Lending Businesses File for Bankruptcy Protection
Genesis Global Holdco LLC, the holding company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection in New York after being pum...
Genesis’ Crypto Lending Businesses File for Bankruptcy Protection
By CoinDesk Inc
Jan 20, 2023 at 5:14 p.m. UTC
Jan 20, 2023
DCGGenesiscdtvFTXDanny NelsonFM ClipThree Arrows CapitalBankruptcyGenesis global capitalftxforarc
FTX CEO John J. Ray III (Nathan Howard/Getty Images)
Policy
Bankruptcy
Sullivan & Cromwell Gets Go-Ahead to Represent FTX in Bankruptcy Proceedings, Despite Controversy
James Bromley, a partner at Sullivan & Cromwell, said former CEO Sam Bankman-Fried has been stirring the pot by “lashing out” on Twitter.
FTX CEO John J. Ray III (Nathan Howard/Getty Images)
By Cheyenne Ligon
Jan 20, 2023 at 5:01 p.m. UTC
Jan 20, 2023
BankruptcyFTXUSDelawareUS
(Genesis Trading, modified by CoinDesk)
Finance
Genesis
Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing
Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday.
(Genesis Trading, modified by CoinDesk)
By Danny Nelson
Jan 20, 2023 at 4:55 p.m. UTC
Jan 20, 2023
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Markets Daily Podcast Cover
Podcasts
Podcasts
Crypto Update | Genesis Files for Bankruptcy Protection, Bitcoin Didn’t Care
With most cryptos holding steady even as crypto lending giant Genesis filed for bankruptcy protection, plus a look at using blockchains for business, CoinDesk’s “Markets Daily...
Markets Daily Podcast Cover
By Adam B. LevineAdrian Blust
Jan 20, 2023 at 4:45 p.m. UTC
Jan 20, 2023
PodcastsMarkets DailyBlockchainBankruptcyGenesis
Two pension funds from Virginia's Fairfax County have ties to bankrupt crypto lender Genesis Capital. (Gerville/iStockphoto/Getty Images)
Finance
Genesis
Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy
Two pension funds from the county invested $35 million in a VanEck fund listed as a Genesis creditor.
Two pension funds from Virginia's Fairfax County have ties to bankrupt crypto lender Genesis Capital. (Gerville/iStockphoto/Getty Images)
By Brandy Betz
Jan 20, 2023 at 4:26 p.m. UTC
Jan 20, 2023
GenesisBankruptcyPensionsFundsVanEck
Legal Expert on Genesis' Crypto Lending Unit Filing For Bankruptcy
Video
Dcg
Legal Expert on Genesis' Crypto Lending Unit Filing For Bankruptcy
Wilk Auslander LLP Partner Eric Snyder discusses the legal and industry implications of Genesis Global Holdco LLC, the holding company of crypto lender Genesis Global Capital,...
Legal Expert on Genesis' Crypto Lending Unit Filing For Bankruptcy
By CoinDesk Inc
Jan 20, 2023 at 3:40 p.m. UTC
Jan 20, 2023
DCGBarry SilbertGeminicdtvFM ClipBankruptcyGenesis global capitalWilk auslander llpEric snyderCameron WinklevossGenesis global holdco llc
GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)
Finance
Genesis
Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect i...
GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)
By Jamie Crawley
Jan 20, 2023 at 3:16 p.m. UTC
Jan 20, 2023
GenesisBankruptcyCumberland DRW
FTX founder Sam Bankman-Fried (David Dee Delgado/Getty Images)
Policy
Genesis
Crypto Lender Genesis Is FTX's Largest Unsecured Creditor With $226M in Claims
Genesis Global Capital leads the revised list that un-redacted the names of several creditors.
FTX founder Sam Bankman-Fried (David Dee Delgado/Getty Images)
By Camomile Shumba
Jan 20, 2023 at 2:56 p.m. UTC
Jan 20, 2023
GenesisFTXBankruptcyFTX CollapseGenesis global capital
A Genesis booth at the FTX conference in the Bahamas (Danny Nelson/CoinDesk)
Finance
Genesis
Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B
Genesis filed for Chapter 11 bankruptcy protection Thursday, listing debts of roughly $3.5 billion.
A Genesis booth at the FTX conference in the Bahamas (Danny Nelson/CoinDesk)
By Eliza Gkritsi
Jan 20, 2023 at 2:08 p.m. UTC
Jan 20, 2023
GenesisBankruptcyFTXFTX CollapseGenesis
FTX founder Sam Bankman-Fried (David Dee Delgado/Getty Images)
Finance
Ftx
Objectors to FTX Using Sullivan & Cromwell as Its Law Firm Seek to Delay Court Hearing
The issue of the law firm is expected to be the subject of a bankruptcy court hearing scheduled for Friday.
FTX founder Sam Bankman-Fried (David Dee Delgado/Getty Images)
By Amitoj Singh
Jan 20, 2023 at 1:53 p.m. UTC
Jan 20, 2023
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