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According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Report Claims Genesis Owes the Winklevoss-Operated Exchange Gemini $900 Million FT reports
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Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini's clients, according to a Financial Times report disclosed on Dec. 3 citing people familiar with the matter. The issue derives from the FTX dramatic collapse in November. Crypto exchange Gemini operates a product called
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According to a court filing on Nov. 20, FTX Trading LTD owes its top 50 creditors over $3 billion USD. The document, which was submitted through the United States bankruptcy court for the district of Delaware, was filed as part of the company’s Chapter 11 bankruptcy proceedings.FTX discloses its top
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The contract between FTX and Miami-Dade County says FTX must pay the County three years of fees in the event of default. Original Source
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Until financial details are clear, however, Hodder said that Celsius should not only be more transparent, but should “stop spending exorbitant funds every day, fire all the staff [and] put everything on hold.” Back in July, the company spent $40 million, which it primarily used to set up its mining
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The fund, however, suffered massive losses following luna’s implosion in mid-May and a market-wide decline in June, leading to its insolvency. Lawyers involved in the liquidation proceedings of Three Arrows Capital in the British Virgin Islands have stated Su Zhu and Kyle Davies, the hedge fund’s founders, have not been
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Summary: Genesis Trading allegedly lent Three Arrows Capital $2.36 billion. Estimates had earlier put Genesis Trading’s losses due to exposure to Three Arrows Capital in the ‘hundreds of millions.’ Three Arrows Capital’s bankruptcy claims have halted Genesis Trading’s attempts to recover the funds from Three Arrows Capital. The crypto lending firm Genesis Trading allegedly
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Summary: The team at CoinFLEX has stated that they have a deficit of $84 million originating from ‘a large individual customer’ that had earlier been identified as Roger Ver. Initially, the deficit was estimated at $47 million, but this value did not include the significant loss in liquidating his significant FLEX coin
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Summary: Crypto community member, FatMan Terra, has suggested that Roger Ver is the high net worth individual who allegedly owes CoinFLEX $47 million. CoinFLEX has released plans to launch a recovery token to raise funds to cover the $47 million deficit. Bitcoin Cash’s Roger Ver has since denied the allegations. Terra and Crypto Twitter
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Roger Ver, an early Bitcoin investor and Bitcoin Cash proponent, has pushed against claims from crypto investment platform CoinFLEX regarding an alleged $47-million debt.In a Tuesday tweet, Ver — not mentioning CoinFLEX by name — said he had not “defaulted on a debt to a counter-party,” and alleged the crypto
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