Bankrupt Crypto Lender Genesis to Repay $3 Billion to Creditors
Genesis gets court nod to distribute $3B to creditors, covering 77% of the claims. Notably, DCG is excluded from the
DCG News and Updates
Recent DCG News
Crypto Is A Major Election Issue For 20% Of Voters: DCG Survey
A survey from DCG shows that 40% of voters want candidates to discuss crypto.
DCG, Barry Silbert Move to Dismiss NYAG Lawsuit, Label Claims as ‘Baseless Innuendo’
The recently amended lawsuit by NYAG claimed that investors were cheated out of $3 billion.
NYAG Triples Fraud Estimate in DCG Lawsuit to $3 Billion
More institutional investors have come forward claiming damages from Genesis, tripling the NYAG’s initial fraud claim.
DCG Slams Genesis’ Bankruptcy Plan as ‘Act of Bad Faith’
DCG said that it cannot support a plan that is "unlawful" and "deprives" the company of its "corporate governance rights."
Genesis Global Trading Settles with NYDFS for $8 Million Over Compliance Failings
Genesis Global Trading will surrender its BitLicense and cease operations as part of a settlement agreement with the NYDFS.
DCG Announces Successful Repayment of Genesis’ Loans, Clears $1B Debt
DCG is currently under obligation to retain its stake in Genesis throughout the latter's ongoing bankruptcy proceedings.
Grayscale Leadership Shuffle: Barry Silbert, Mark Murphy Resign
Grayscale is witnessing a major leadership shuffle amid active discussions with the SEC regarding the conversion of GBTC into spot
Judge Rules DCG Must Hold on to Genesis Until Bankruptcy Proceedings Conclude
DCG must retain Genesis ownership until bankruptcy proceedings conclude. Genesis may lose $700M in tax benefits in certain scenarios.
Genesis And DCG Strike Repayment Deal
If the judge signs off on it, DCG’s debt should be repaid in full by April.
