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The court action seeks damages from the Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022. Source
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Place/Date: Miami, Florida - January 24th, 2023 at 7:57 pm UTC · 5 min read Contact: Andrew Barnard, CEO, Source: Genesis Coin Inc Genesis Coin Inc, the first and largest Bitcoin ATM software platform worldwide announced today that they have been acquired by
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Troubled cryptocurrency company Digital Currency Group (DCG) is facing more legal issues as its subsidiary Genesis Capital got slapped with a new class action lawsuit.A group of Genesis creditors filed a securities class action (SCA) lawsuit against DCG and its founder and CEO Barry Silbert, alleging violations of the federal
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A lawyer for bankrupt crypto lending firm Genesis is optimistic the firm can resolve its creditor disputes as early as this week and the company could come out of Chapter 11 proceedings by late May.Genesis’ lawyer Sean O'Neal made the comments at a Jan. 23 initial hearing at the United
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According to a declaration filed by Genesis interim CEO Derar Islim, the company has more than $5 billion in liabilities – a sum considerably larger than its assets which, according to a presentation to the court on Monday, include approximately $150 million in unencumbered cash, $500 million in digital assets,
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The bankruptcy hearing for embattled crypto lender Genesis commences today at a New York Southern District court. According to court filings, the first hearing for the bankruptcy case of crypto lender Genesis Capital will occur on January 23rd. The documents state that a judge of the US Bankruptcy Court for the Southern
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Top Stories This Week Crypto lender Genesis files for Chapter 11 bankruptcy FTX contagions continue to spread through the crypto industry, with Genesis Capital filing for bankruptcy protection in New York, estimating liabilities in the range of $1 billion to
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Eric Snyder, partner at Wilk Auslander LLP, says that a substantial amount of haircuts are likely to be made, but that depends on the petition Genesis’ trio of companies filed. Source
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Genesis' first hearing in its bankruptcy case is set for January 23. Source
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