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Bankruptcy
DCG Outlook as Genesis' Crypto Lending Businesses File for Bankruptcy Protection
Robert Leshner, founder of decentralized finance lending platform Compound Labs, compares DCG to a baseball player trying to play with one hand tied behind their back, after Genesis Global Holdco LLC filed for Chapter 11 bankruptcy. DCG is the parent company of Genesis and CoinDesk.
Compound Labs Founder on Options for Genesis Creditors
Compound Labs founder Robert Leshner discusses the potential options for Genesis' creditors, like himself, after the crypto lender filed for Chapter 11 bankruptcy and owes over $3.5 billion to its top 50 creditors. DCG is the parent company of Genesis and CoinDesk.
First Hearing in Genesis Bankruptcy Case Set for Monday
Crypto lender Genesis Global Capital's first hearing in its Chapter 11 bankruptcy case will take place Monday afternoon, according to court filings. Genesis has over 100,000 creditors among the three companies that declared bankruptcy. Robert Leshner, Founder of decentralized finance lending platform Compound Labs and a Genesis creditor, discusses his take on Genesis' bankruptcy developments and the state of the NFT market. DCG is the parent company of Genesis and CoinDesk.
Sullivan & Cromwell To Continue Representing FTX in Bankruptcy Proceedings Despite Controversy
A bankruptcy court judge in Delaware has given New York law firm Sullivan & Cromwell the green light to continue representing FTX during its bankruptcy proceedings. CoinDesk regulation reporter Cheyenne Ligon discusses the recent controversy about the white-shoe law firm's potential conflicts of interest. Plus, the latest on FTX founder Sam Bankman-Fried's recent online posts.
Unang Pagdinig sa Genesis Bankruptcy Case Set para sa Lunes
Nagsampa ng bangkarota si Genesis noong huling bahagi ng Huwebes.
Stellar Foundation Nicked by Genesis Bankruptcy With $13M Claim
Ang Stellar Development Foundation ay ipinahayag na kabilang sa mga bangkarota Crypto lending desk sa pinakamalaking nagpapautang.
Bitcoin Holds Firm Over $21K as DCG Responds to Genesis' Chapter 11 Filing
The price of bitcoin is remaining calm, after Genesis’ crypto lending businesses file for bankruptcy protection. In a statement on Friday, DCG said that neither it nor any of its employees, including those on Genesis’ board of directors, were involved in the decision to file for bankruptcy, and that DCG would continue to operate “business as usual." DCG is the parent company of CoinDesk and Genesis.
Ano ang Susunod para sa Genesis Creditors? Ito ay Depende sa Ano ang Nasa Paghahain ng Pagkalugi
Maaaring "magtagal" upang malaman ang mga asset at pananagutan ng Genesis, sinabi ni Eric Snyder, kasosyo sa Wilk Auslander, sa CoinDesk TV.
Bankrupt Crypto Lender Genesis Claims $5.1B in Liabilities
Crypto lending firm Genesis held $5.1 billion in liabilities in the weeks following its freeze on withdrawals last November, according to court documents signed by interim CEO Derar Islim. This comes as three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday. "The Hash" panel discusses the latest in Genesis' bankruptcy. DCG is the parent company of CoinDesk and Genesis.