Crypto Has an Incest Problem
Court filings reveal complex interlocking relations between major crypto firms – with implications for the ecosystem’s resilience, and for customers owed money.
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Feb 17, 2023 at 1:00 p.m. UTC
Feb 17, 2023
Genesis
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Genesis Publishes Proposed Sale Plan With DCG, Bankruptcy Creditors
Genesis Global Holdco filed for bankruptcy protection last month and unveiled the final details of a proposed plan to sell itself off alongside Genesis Global Trading to help parent Digital Currency Group DCG pay off some of the firm's creditors The Hash panel discusses the latest in Genesis bankruptcy process and what we know so [...]
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Feb 13, 2023 at 6:07 p.m. UTC
Feb 13, 2023
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Genesis Unveils Proposed Sale Plan With DCG, Bankruptcy Creditors
Parent company Digital Currency Group would turn its equity in Genesis Global Trading over to a holding company as part of an effort to sell both firms.
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Feb 10, 2023 at 10:22 p.m. UTC
Feb 10, 2023
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Bitcoin ATM Operator Coin Cloud Files for Bankruptcy With Liabilities of $100M-$500M
Coin Cloud was provided an unsecured loan of $100 million from Genesis Global Capital.
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Feb 8, 2023 at 4:39 p.m. UTC
Feb 8, 2023
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DCG Will Have a Headache For Many Years To Come: Lumida CEO
Digital Currency Group (DCG) intends to sell its subsidiary Genesis' crypto trading business as well as its lending arm, which is restructuring through bankruptcy, a Genesis attorney said Monday as the company revealed a pact with creditors. Lumida CEO & Co-Founder Ram Ahluwalia shares his analysis. DCG is also the parent company of CoinDesk.
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Feb 7, 2023 at 4:23 p.m. UTC
Feb 7, 2023
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DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors. Lumida CEO and co-founder Ram Ahluwalia discusses the potential outcomes for Digital Currency Group amid crypto winter. Genesis and CoinDesk are both owned by DCG.
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Feb 7, 2023 at 4:11 p.m. UTC
Feb 7, 2023
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DCG Is Selling Holdings in Several Grayscale Trusts: Financial Times
Digital Currency Group DCG started selling holdings in several investment vehicles run by its subsidiary and digital assets manager Grayscale at a steep discount according to a Financial Times report citing U S securities filings This report comes after DCG and Genesis had reached an initial agreement with a key group of creditors Lumida CEO [...]
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Feb 7, 2023 at 4:08 p.m. UTC
Feb 7, 2023
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Bankrupt Crypto Lender Genesis and Parent DCG Reach Initial Agreement With Main Creditors
Crypto conglomerate Digital Currency Group DCG and its bankrupt Genesis subsidiaries reached an in principle agreement on terms of a restructuring plan with a group of the firm’s main creditors Coin Desk Global Policy Regulation Managing Editor Nikhilesh De discusses the terms of the proposed deal DCG is the parent company of Coin Desk and [...]
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Feb 7, 2023 at 4:06 p.m. UTC
Feb 7, 2023
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DCG Is Selling Holdings in Several Grayscale Trusts: Financial Times
Grayscale operates the Grayscale Bitcoin Trust (GBTC), which has $10 billion-plus in assets under management.
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Feb 7, 2023 at 7:26 a.m. UTC
Feb 7, 2023
DCG Creditor Pact Revealed With Plan to Sell Genesis Trading Unit as Part of Bankruptcy
Earlier Monday, CoinDesk reported that DCG and Genesis had reached an agreement with a key group of creditors.
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Feb 6, 2023 at 10:02 p.m. UTC
Feb 6, 2023