Genesis
Grayscale’s Bitcoin ETF Outflows Jump to $1.8B This Week
Crypto asset manager Grayscale’s Bitcoin exchange-traded fund (ETF) experienced another day of significant outflows, with nearly $359 million exiting the fund on March 21. This follows a massive week of outflows, with March 18 seeing the largest single-day outflow of $643 million, according to data from Farside Investors. The total outflow from Grayscale’s GBTC for […]
Crypto Titans FTX and Genesis Forge $175 Million Settlement Accord
A New York bankruptcy judge has approved an unprecedented settlement agreement between cryptocurrency powerhouses FTX and Genesis Global Trading. This monumental decision now paves the way for Alameda Research, an affiliate of FTX, to bask in a staggering windfall of $175 million courtesy of Genesis. The esteemed United States Bankruptcy Court for the Southern District […]
Gemini’s Legal Clash: Crypto’s Celestial Showdown
Gemini Trust’s legal representatives have contested a Digital Currency Group (DCG) proposal regarding the Genesis Global creditors. In a September 15 filing submitted to the United States Bankruptcy Court for the Southern District of New York, the legal team accused DCG of employing deceptive tactics, labeling them as “gaslighting” with their recovery plan. The recovery […]