bankruptcy

(Eric Snyder, CoinDesk TV)
What's Next for Genesis Creditors? It Depends on What's in the Bankruptcy Filing
It may “take a long time” to figure out Genesis' assets and liabilities, Eric Snyder, partner at Wilk Auslander, told CoinDesk TV.
(Eric Snyder, CoinDesk TV)

(ZargonDesign/Getty Images, modified by CoinDesk)
Genesis Files for Chapter 11
The bankruptcy filing came late Thursday night.
(ZargonDesign/Getty Images, modified by CoinDesk)

House Financial Services Committee Holds Hearing On FTX Collapse
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.
House Financial Services Committee Holds Hearing On FTX Collapse

CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)
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.
CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)

Markets Daily Podcast Cover
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” is back with the latest news roundup.
Markets Daily Podcast Cover

Fairfax County, Virginia pensions exposed to Genesis bankruptcy (Gerville/iStockphoto/Getty Images)
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.
Fairfax County, Virginia pensions exposed to Genesis bankruptcy (Gerville/iStockphoto/Getty Images)

CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)
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 information," Cumberland tweeted.
CDCROP: GENESIS Logo Photomosh (Genesis Trading, Modified by CoinDesk)

CDCROP: Bail Hearing Held For FTX Founder Sam Bankman-Fried
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.
CDCROP: Bail Hearing Held For FTX Founder Sam Bankman-Fried

A Genesis booth at the FTX conference in the Bahamas (Danny Nelson/CoinDesk)
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)

CDCROP: Bail Hearing Held For FTX Founder Sam Bankman-Fried
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.
CDCROP: Bail Hearing Held For FTX Founder Sam Bankman-Fried