The recently amended lawsuit by NYAG claimed that investors were cheated out of $3 billion.
Genesis is seeking court approval for a settlement with 3AC, proposing a reduced claim.
According to DCG, Gemini Earn users have the potential to recover anywhere from 95% to 110% of their assets
The internal financial dealings of both DCG and its Genesis Global Capital subsidiary are being reviewed by US federal officials.
Should the revised plan come to fruition, Genesis creditors are estimated to recover from 70% to 90% in terms of…
Galaxy Digital had previously reported exposure of around $76.8 million tied to troubled crypto exchange FTX.
This settlement marks a notable decrease from FTX's initial demand of nearly $4 billion.
The settlement would address and resolve the claims made by the two bankrupt firms against each other while being under…
The Gemini founder threatened to sue Silbert and DCG should they fail to agree to the offer by 4 pm…
Genesis had estimated that FTX is entitied to nothing.