Genesis Global Holdco, LLC

  1. October 24, 2023

    Genesis Wins 2-Week Reprieve To File 'No Deal' Ch. 11 Plan

    A New York judge gave bankrupt crypto firm Genesis Global Holdco LLC another two weeks to file its Chapter 11 plan after it said Tuesday it expected to soon put out one that had been gaining support from key creditor groups.

  2. October 23, 2023

    Lenders Call For Shot At Writing Genesis' Ch. 11 Plan

    An ad hoc creditor group of Genesis Global Holdco LLC asked a New York bankruptcy judge to decline the crypto lender's request to extend its exclusive right to propose reorganization plans and allow creditors to propose their own.

  3. October 10, 2023

    Genesis Judge Approves $175M Settlement With FTX In Ch. 11

    A New York bankruptcy judge approved a $175 million settlement resolving claims between bankrupt crypto lender Genesis Global Holdco LLC and the estate for crypto exchange FTX in an opinion that said certain objections to the deal "border on frivolous."

  4. September 28, 2023

    Gemini Confirms $282M Withdrawal, Denies Winklevoss Link

    Gemini Trust Co. LLC, the crypto exchange led by the Winklevoss brothers, confirmed on Thursday that it withdrew $282 million from bankrupt lender Genesis before its collapse, but fired back at a news report that raised questions about whether the withdrawal was for purposes beyond protecting customers.

  5. September 18, 2023

    Judge Says No 'Alarm Bells' Over $175M Genesis-FTX Deal

    A New York bankruptcy judge said on Monday a $175 million proposed settlement of nearly $4 billion in claims between bankrupt cryptocurrency firms Genesis Global Holdco and FTX does not ring "alarm bells" after hearing arguments for and against the deal.

  6. September 15, 2023

    Gemini Slams DCG For Gaslighting Genesis Creditors

    Cryptocurrency exchange Gemini Trust Company LLC told a New York bankruptcy judge on Friday that efforts by Digital Currency Group Inc. to push a Chapter 11 settlement with its bankrupt subsidiary Genesis Global amounted to gaslighting designed to spur creditors to accept a haircut in the case.

  7. September 06, 2023

    Genesis Global Gets 30 More Days To File Ch. 11 Plan

    A New York bankruptcy judge Wednesday gave cryptocurrency lender Genesis Global another month to file its Chapter 11 plan, rejecting arguments by creditors that the company is wasting time putting together an unconfirmable plan.

  8. September 01, 2023

    Genesis Creditors Call $175M FTX Deal A Bid To 'Buy Votes'

    A proposed $175 million settlement between the bankrupt crypto firms Genesis Global Holdco and FTX is facing fresh opposition from Genesis's lenders and Tyler and Cameron Winklevoss's Gemini Trust Co., which blasted the deal as "an attempt to manipulate the plan voting process."

  9. August 29, 2023

    Genesis, Unsecured Creditors Ink Deal Over Earn Accounts

    Bankrupt cryptocurrency lender Genesis Global Holdco LLC has reached an agreement in principle with unsecured creditors and its parent company that, if finalized, would provide for a "comprehensive resolution" of the company's bankruptcy case, which includes claims stemming from Genesis' partnership with cryptocurrency exchange Gemini on certain interest-bearing accounts known as the Earn program.

  10. August 25, 2023

    FTX, BlockFi, Genesis Claimant Data Breached In Cyberattack

    Claims and noticing agent Kroll LLC announced on Friday that cybercriminals have exposed data belonging to claimants in the FTX, BlockFi and Genesis Global Holdco bankruptcies following a "highly sophisticated" cyberattack directed against Kroll employees.