News with the tag "Gemini EARN"

The New York State Attorney General (AG) has brokered a $2 billion settlement with Genesis Global to help those defrauded by Gemini Earn. Last winter, NY state AG Letitia James sued the crypto exchange Gemini, the lending firm Genesis and the investment giant Digital Currency Group (DCG) over allega...

The insolvent cryptocurrency lender, Genesis, has petitioned a U.S. bankruptcy court to approve a proposed settlement principle announced on Feb. 28. According to an update, if the court approves the settlement, Genesis Earn users will receive all of their digital assets back in kind. The bankruptcy...

Genesis Global Capital has settled with the U.S. Securities and Exchange Commission (SEC) and agreed to pay a $21 million civil penalty. The SEC further disclosed that the regulator will “not receive any portion of the penalty until after payment of all other allowed claims by the bankruptcy court, ...

Gemini has reached a settlement with Genesis and other creditors within the Genesis bankruptcy proceedings, promising a full in-kind return of digital assets to Earn program users. This resolution, pending bankruptcy court approval, signifies a major victory for users, with over $1.8 billion in asse...

Gemini agreed to pay a hefty fine to a NY financial regulator and has to return at least $1.1 billion to Gemini Earn customers.

Gemini is rolling up its sleeves to turn GBTC shares into real value for its Earn users. In a move that could be seen as both savvy and a lifeline for those caught in the crossfire of Genesis’ financial implosion, Gemini is cashing in on 30,905,782 shares of GBTC. This move follows the nod from

New York Attorney General Letitia James has expanded the state's lawsuit against DCG, tripling the estimated size of fraud.

Genesis Global Holdco LLC has agreed to settle a lawsuit brought by the Securities and Exchange Commission a year ago over a lending program.

Venture capital firm Digital Currency Group (DCG) and its bankrupt subsidiary Genesis Global have struck a new agreement to settle an ongoing legal battle. A new filing with the US Bankruptcy Court for the Southern District of New York says that in September, Genesis filed a lawsuit to recover appro...

Digital asset exchange Gemini says venture capital firm Digital Currency Group (DCG) is engaging in deceptive practices to avoid fulfilling its full obligations to the creditors of its crypto lending unit Genesis. In July, Gemini filed a lawsuit against DCG after Genesis went bankrupt while owing $7...