Bankruptcy


Finance

Genesis Claims $5.1B in Liabilities in First-Day Bankruptcy Filing

Three of the institutional crypto brokerage's entities filed for Chapter 11 protection late Thursday.

(Genesis Trading, modified by CoinDesk)

Finance

Fairfax County, Virginia, Pension Funds Exposed to Genesis Bankruptcy

Two pension funds from the county invested $35 million in a VanEck fund listed as a Genesis creditor.

Reston, Virginia, Fairfax County (Gerville/iStockphoto/Getty Images)

Videos

Legal Expert on Genesis' Crypto Lending Unit Filing For Bankruptcy

Wilk Auslander LLP Partner Eric Snyder discusses the legal and industry implications of Genesis Global Holdco LLC, the holding company of crypto lender Genesis Global Capital, filing for Chapter 11 bankruptcy protection. He also weighs in on Gemini CEO Cameron Winklevoss threatening to sue DCG CEO Barry Silbert over the repayment of a $900 million loan. DCG is the parent company of CoinDesk and Genesis.

Recent Videos

Finance

Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure

The Chicago-based firm was listed among Genesis' creditors in the amount of $18 million, but Cumberland said that's too high. The document includes "misleading and incorrect information," Cumberland tweeted.

(Genesis Trading, modified by CoinDesk)

Policy

Crypto Lender Genesis Is FTX's Largest Unsecured Creditor With $226M in Claims

Genesis Global Capital leads the revised list that un-redacted the names of several creditors.

Sam Bankman-Fried sale del tribunal federal en la ciudad de Nueva York. (David Dee Delgado/Getty Images)

Finance

Digital Currency Group Owes Subsidiary Genesis Global Over $1.65B

Genesis filed for Chapter 11 bankruptcy protection Thursday, listing debts of roughly $3.5 billion.

(Danny Nelson/CoinDesk)

Finance

Objectors to FTX Using Sullivan & Cromwell as Its Law Firm Seek to Delay Court Hearing

The issue of the law firm is expected to be the subject of a bankruptcy court hearing scheduled for Friday.

Sam Bankman-Fried sale del tribunal federal en la ciudad de Nueva York. (David Dee Delgado/Getty Images)

Finance

Gemini's Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy Filing

The exchange CEO has been involved in a weeks-long public spat with DCG over the repayment of a $900 million loan.

Tyler and Cameron Winklevoss (Joe Raedle/Getty Images)

Finance

Genesis Owes Over $3.5B to Top 50 Creditors

Genesis has over 100,000 creditors among the three of its companies that declared bankruptcy.

Genesis has unloaded its entire stake in GBTC (Danny Nelson/CoinDesk)