Genesis – Dec LM

Judge Rules Against Most of DCG’s Motion to Dismiss NYAG’s Civil Securities Fraud Suit

A New York judge ruled Friday that the majority of New York Attorney General Letitia James’ civil securities fraud suit against crypto venture firm Digital Currency Group (DCG) and...

DCG, Former Genesis CEO to Pay SEC .5M to Settle Securities Fraud Charges

DCG, Former Genesis CEO to Pay SEC $38.5M to Settle Securities Fraud Charges

The charges stem from DCG and Genesis’ response to the 2022 collapse of crypto hedge fund Three Arrows Capital.

DCG, Top Executives Renew Push to Get New York AG’s Civil Fraud Suit Dropped

The late-night messages NYAG alleged were evidence of a fraudulent conspiracy were, according to DCG’s lawyers, “lawful, good-faith efforts by DCG to support a subsidiary.”

New York AG Pushes Back Against DCG, Silbert’s Motion to Dismiss Fraud Case

NYAG has accused Gemini, Genesis, and DCG of conspiring to cover a $1 billion hole in Genesis’ balance sheet caused by the implosion of Three Arrows Capital.

Gemini Announces Full Recovery of Earn Users’ Digital Assets

In-kind recovery of Gemini Earn users' funds means they'll get 232% of the value of their assets back.

NYAG Takes Victory Lap as Court Approves Genesis Settlement

NYAG says the settlement will establish a fund for New Yorkers who invested more than $1.1 billion in Genesis through the Gemini Earn program and blocks Genesis from operating...

Genesis Set to Return $3B Customer Assets in Finalized Bankruptcy Liquidation Plan

Bankruptcy claims began trading at 35% of account balance value when they were initially listed on claim trading marketplace Xclaim.

Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product

The judge found that the SEC’s complaint “plausibly alleges” that the two crypto firms offered and sold unregistered securities via Gemini Earn.

DCG’s Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

Silbert’s motion to dismiss the New York Attorney General’s $3 billion lawsuit contains emails from around the time 3AC failed and the Genesis and Gemini loans business began to...

Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit

The crypto firm's boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors.