Genesis articles
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NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis – News Bytes Bitcoin News
New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn program. […]
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Bankrupt crypto lender Genesis gets OK to return billions in tokens and cash to creditors, meaning parent firm DCG ‘is out of the money’
“Given the size of the creditor claims, DCG is out of the money as an equity holder by billions of dollars,” Judge Lane said.