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  1. Genesis is a cryptocurrency brokerage for institutional investors. It is a subsidiary of Digital Currency Group (DCG). [1] Genesis operates several businesses, including Genesis Global Trading, Inc. (“GGT”), Genesis Global Capital, LLC (“GGC”), Genesis Asia Pacific Pte. Ltd. (“GAP”), GGC International Limited (“GGCI ...

  2. Genesis connects institutional investors to digital asset markets. Trade, borrow, hedge and more. On January 19, 2023, certain Genesis entities filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code.

  3. May 20, 2024 · Genesis will return $3 billion in cash and crypto to its creditors, excluding DCG, after filing for Chapter 11 in January 2023. The bankruptcy claim marketplace Xclaim shows that claims are trading at higher values than initially expected.

    • sam.reynolds@coindesk.com
    • Senior Reporter, Asia
  4. Feb 5, 2024 · Genesis, a bankrupt crypto lender, seeks to sell over $1.6 billion in bitcoin, ether and ethereum classic held in Grayscale trust products. The move could add to the market selling pressure on bitcoin, which has already dropped in price this year.

    • shaurya.malwa@coindesk.com
    • Deputy Manager Editor, Data & Tokens
  5. Nov 16, 2022 · Genesis Trading has halted withdrawals at its lending unit as the crypto financial services group blamed the “unprecedented market turmoil” sparked by the collapse of Sam Bankman-Fried’s FTX.

    • Nikou Asgari
  6. May 18, 2024 · Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital...

  7. Jan 20, 2023 · The cryptocurrency lender Genesis Global Holdco filed for bankruptcy late on Thursday, the latest crypto company to do so after the collapse of FTX, the exchange founded by Sam Bankman-Fried.