Genesis

(Nikhilesh De/CoinDesk)
Genesis to Pay SEC $21M Penalty to Settle Charges Over Gemini Earn Product
The settlement comes days after a New York judge denied motions by Genesis and crypto exchange Gemini to stop the SEC case.
(Nikhilesh De/CoinDesk)

(Nikhilesh De/CoinDesk)
Gemini and Genesis Can Be Sued by SEC Over Defunct Earn Product, Judge Rules
The judge found that the SEC’s complaint “plausibly alleges” that the two crypto firms offered and sold unregistered securities via Gemini Earn.
(Nikhilesh De/CoinDesk)

DCG CEO Barry Silbert (CoinDesk archives)
DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022
Silbert’s motion to dismiss the New York Attorney General’s $3 billion lawsuit contains emails from around the time 3AC failed and the Genesis and Gemini loans business began...
DCG CEO Barry Silbert (CoinDesk archives)

Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)
Winklevoss Twins' Gemini Promises to Return $1.1B to Earn Customers
The pact is tied to the bankruptcy of Genesis Global Capital, Gemini's partner for its Earn program.
Gemini founders Tyler and Cameron Winklevoss. (Joe Raedle/Getty Images)

Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)
DCG Calls Out Subsidiary Genesis' Settlement With New York as 'Subversive'
DCG filed an objection in bankruptcy court to the deal its own subsidiary secured to end the New York attorney general's investigation of fraud and money laundering controls.
Barry Silbert's Digital Currency Group is objecting to the settlement that Genesis struck with the New York attorney general. (CoinDesk)

CEO Barry Silbert's Digital Currency Group is now accused by the New York Attorney General of a much heftier $3 billion in investor losses in a lawsuit amended Friday. (CoinDesk)
New York Expands Fraud Case Against Digital Currency Group to $3 Billion
An initial lawsuit accusing crypto firm DCG of cheating people out of $1 billion has been amplified by investors coming forward with losses tripling that, the NY attorney gene...
CEO Barry Silbert's Digital Currency Group is now accused by the New York Attorney General of a much heftier $3 billion in investor losses in a lawsuit amended Friday. (CoinDesk)

Sale (Justin Lim/Unsplash)
Genesis Seeks Approval to Sell $1.6B in Bitcoin, Ether Trust Holdings
Nearly $1.4 billion of Genesis’ assets were held in Grayscale Bitcoin Trust (GBTC), which has since converted to a spot exchange-traded fund (ETF).
Sale (Justin Lim/Unsplash)

Genesis filed for bankruptcy in January 2023 (Richard Mortel/Flickr)
DCG Can't Sell or Reduce Ownership of Genesis Until Bankruptcy Proceedings Close, Judge Rules
Genesis requested a New York bankruptcy court to bar ownership changes to secure tax benefits on around $700 million worth of operating losses.
Genesis filed for bankruptcy in January 2023 (Richard Mortel/Flickr)

Barry Silbert. CEO & Founder Digital Currency Group (DCG)
Genesis-DCG Propose to Settle Lawsuit: Bankruptcy Filing
DCG has paid about $227.3 million to Genesis so far and plans to pay another $275 million it owes by April.
Barry Silbert. CEO & Founder Digital Currency Group (DCG)

Genesis (Spencer Wing/Pixabay)
Genesis Sues Gemini to Recover 'Preferential Transfers' Worth $689M
Genesis and Gemini have been embroiled in a public and legal feud since the collapse of FTX.
Genesis (Spencer Wing/Pixabay)