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The departure of the Nifty Gateway co-founders comes one week after Gemini’s partner, Genesis Global Capital, filed for bankruptcy protection.Nifty Gateway co-founders, Duncan and Griffin Cock Foster, have announced their intention to step down from the company. While the exact timeline is unknown, the brothers have stayed on for the
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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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Derar Islim, interim CEO of crypto market maker and lender Genesis, has sent a letter to clients updating them on the company’s efforts to prop up its finances and resume withdrawals and new lending. The letter, sent on Jan. 4, comes two days after a Twitter exchange between Barry Silbert,
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While EmpireDAO’s Soho location is shutting its doors, Fraietta has plans to eventually re-open in another spot for “Season 2” of the DAO, along with potential EmpireDAO pop-ups at upcoming crypto conferences, as well as this year’s SXSW in Austin, Texas, in partnership with ATX DAO. Source
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