Genesis Deal Allows Claims Against Gemini, Judge Says

By Rick Archer · September 23, 2025, 1:39 PM EDT

A New York bankruptcy judge said Tuesday he will shortly issue a ruling that a 2024 agreement between cryptocurrency exchange Gemini and bankrupt crypto lender Genesis Global allows Gemini customers to...

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Bankruptcy Scorecard

Summary

Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.

Case Number

23-bk-10063

Judge

Sean H. Lane

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$5.1 billion

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Case Information

Case Title

Genesis Global Holdco, LLC

Case Number

1:23-bk-10063

Court

New York Southern

Nature of Suit

Date Filed

January 19, 2023

Genesis Deal Allows Claims Against Gemini, Judge Says

Bankruptcy Scorecard

Summary

Case Number

Judge

Venue

Capital Structure

Total Liabilities:

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