Genesis Global Holdco, LLC

  1. February 01, 2024

    Genesis Strikes $21M Deal In SEC Crypto Enforcement Action

    Bankrupt cryptocurrency company Genesis Global asked a New York judge to approve a settlement it has reached with the U.S. Securities and Exchange Commission that would end the agency's enforcement action by granting it a subordinated claim for a $21 million civil penalty.

  2. January 30, 2024

    US Trustee Opposes 'Backdoor' Releases In Genesis Ch. 11

    The U.S. Trustee's Office is challenging cryptocurrency company Genesis Global's Chapter 11 plan, arguing it would improperly pay certain legal fees without court approval, include overbroad releases and allow for an "impermissible backdoor third-party release."

  3. January 18, 2024

    Genesis Says Gemini's $800M Collateral Claim Not Secured

    Bankrupt cryptocurrency investment platform Genesis Global Capital asked a New York bankruptcy judge Thursday to reject arguments from rival Gemini Trust Co. that it has a secured claim on $800 million in assets that Genesis pledged as loan collateral.

  4. November 30, 2023

    Genesis Gets OK To Resolve $1B In Three Arrows Claims

    A New York bankruptcy judge Thursday approved bankrupt cryptocurrency lending platform Genesis Global Holdco LLC's $33 million settlement resolving $1 billion in claims by bankrupt crypto hedge fund Three Arrows Capital.

  5. November 28, 2023

    Genesis Nears Deals With Parent Co., Creditors

    A New York bankruptcy judge on Tuesday gave Genesis Global Holdco permission to send its Chapter 11 plan out for a vote, as the cryptocurrency lending platform reported impending agreements with its parent company and creditors that could render its "no deal" bankruptcy plan a misnomer.

  6. November 22, 2023

    Genesis Seeks $689M Clawback From Ex-Crypto Partner

    Cryptocurrency lending platform Genesis wants to recoup more than half a billion dollars it says its former investment program partner distributed in the months before it filed for Chapter 11, the company told a New York bankruptcy court.

  7. November 13, 2023

    Genesis Hits $33M Deal On Three Arrows $1B Ch. 11 Claim

    Bankrupt cryptocurrency lending platform Genesis Global Holdco said in recent court filings that it has reached a deal with Three Arrows Capital Ltd. that resolves more than $1 billion in claims against the Genesis Chapter 11 estate with a $33 million settlement deal.

  8. November 07, 2023

    Genesis Creeps Toward Ch. 11 Disclosure Approval

    Cryptocurrency lender Genesis moved closer to approval of its Chapter 11 disclosure statement Tuesday when it worked through a number of objections in New York bankruptcy court.

  9. November 02, 2023

    US Trustee Seeks More Time To Weigh Genesis' Ch. 11 Update

    The U.S. Trustee has raised qualms about what it says is the lack of time it has been given to review significant changes to bankrupt crypto lender Genesis' Chapter 11 plan, including the potential to seek liquidation of the company.

  10. October 27, 2023

    Gemini Seeks $1.6B In Collateral From Genesis Loans

    Winklevoss-led cryptocurrency exchange Gemini filed suit in New York Friday against bankrupt crypto investment platform Genesis Global, claiming Genesis is blocking it from distributing $1.6 billion in collateral to Gemini customers.