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Bankrupt crypto firm Genesis completes restructuring

On Aug. 2, bankrupt crypto lending firm Genesis announced the completion of its Chapter 11 restructuring plan.

Genesis - Investment Fund Review | CryptoRank.io

28 days ago 15 Oct, Vue Labs, $ 6.00M, Pre-Seed ; 1 year(s) ago 11 Aug 2023, Affine, $ 7.00M, Undisclosed ; 2 year(s) ago 13 Oct 2022, Pine Street Labs, $ 6.00M, Seed

Genesis Returns $2.2B in Crypto to Lending Program Participants

Genesis distributed $2.18b worth of crypto to 232,000 users enrolled in Gemini Earn, an interest-accruing lending program.

Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse

The lending arm of crypto investment bank Genesis Global Trading is temporarily suspending redemptions and new loan originations in the wake of FTX’s collapse, Interim CEO Derar Islim told customers on a call Wednesday. Islim told the participants on the call that Genesis is exploring solutions for the lending unit, including finding a source of fresh liquidity. He said Genesis intends to detail its plan to clients next week. The announcement was noted by Gemini, the crypto exchange and custod...

Genesis Trading Launches Crypto Lending Service for Investors - CoinDesk

"We believe now is a great time to offer an institutional-focused lending service because it... use to scale their digital currency-centric businesses," Genesis Capital said in a press release.

Genesis' Crypto Lending Rebounds in 2Q; Firm Acknowledges Unsecured Loans - CoinDesk

Genesis’ crypto lending arm came back strong in 2Q after a rocky 1Q. Separately, executives acknowledged the firm makes some uncollateralized loans.

Genesis to Suspend XRP Trading, Lending - CoinDesk

In an email sent to clients Wednesday, Genesis announced it would be halting XRP trading and lending in the new year.

Genesis (cryptocurrency company)

Genesis' lending business offers institutional lending services to clients who want to borrow or lend digital assets. Genesis filed for Chapter 11 bankruptcy on January 19, 2023, to request...

Lending LTC

in lending to Genesis to earn some extra interest their holdings. Our minimum borrow size is $250k worth of LTC, so if you're a large holder that plans on holding for a while and would like...

Decentraland founders Ordano and Meilich join list of Genesis creditors | The Bl

Decentraland has not one but three of the executives and founders listed among companies with large claims against Genesis's crypto lending unit.

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