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The Latest Breaking News from Genesis Global Capital

Gemini Reaches Settlement To Return $1.1B In Digital Assets To Earn Users

Gemini has reached a settlement to pay over $1 billion to users of its defunct Earn program that collapsed after financial services company Genesis, which held Earn users' funds, defaulted on Earn customers' loans.

International Business Times

Exclusive: Genesis reaches settlement with New York regulator, will forfeit BitLicense and pay $8 million fine

The agreement with the NY Department of Financial Services comes on the heels of a major lawsuit by the state's attorney general.

Fortune

Crypto lender Genesis files for Chapter 11 bankruptcy in US

Firm is latest casualty in sector as cryptocurrencies contagion spreads after FTX collapse

The Guardian - UK

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Bitcoin Bounces, Crypto Broker Attempts To Bypass Bankruptcy

Bitcoin fell Monday on fears Grayscale Bitcoin Trust could be hit by Digital Currency Group's liquidity crunch as Genesis warns of bankruptcy

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