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 · Mar 1, 2024

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 · Jan 12, 2024

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 · Jan 20, 2023