Genesis Asia Pacific News
24.08 / 23:41
business
Loans
Bankruptcy
Singapore authorities approve probe of 3AC on behalf of liquidators: Report
The Singapore High Court on Monday approved a petition to recognize the liquidation order against Three Arrows Capital (3AC) issued by a court in the British Virgin Islands, Bloomberg reported Wednesday, citing unnamed sources. The Singapore court’s decision, handed down in private, gives the petitioner the legal ability to request access to 3AC financial records kept in Singapore, where 3AC is based.
22.06 / 10:51
Career
Galaxy Digital
Billionaire Mike Novogratz's Galaxy Digital Welcomes Former Genesis Exec as Sales Head
Leon Marshall, a former executive at crypto lending firm Genesis, has joined Mike Novogratz's Galaxy Digital as global head of sales.
13.02 / 19:00
Digital
Platform
coinbase
Gemini
Kraken
Southern
Bitcoin
Crypto lender Genesis
Crypto Lender Genesis Files for Bankruptcy as FTX Contagion Spreads
Genesis, a crypto lending platform owned by venture capital firm Digital Currency Group, joined crypto firm BlockFi in filing for bankruptcy, the latest crypto company to go belly-up amid allegations of fraud after the collapse of FTX late last year.
20.01 / 23:47
business
Digital Currency Group
Bankruptcy
committee
Genesis' bankruptcy filing was decided by independent committee according to DCG
Genesis Capital's parent company Digital Currency Group (DCG) denied involvement in Genesis' bankruptcy filing in a statement on Jan. 20. According to DCG, a special committee of independent directors recommended and decided to file for Chapter 11 bankruptcy protection.
19.07 / 01:33
business
SoftBank
Court
Time
3AC liquidators seek time, access to headquarters as Genesis, Algorand ties are untangled
The liquidators of failed crypto hedge fund Three Arrows Capital (3AC) have filed an application in the High Court of Singapore for a stay on claims against 3AC and access to the company’s Singapore headquarters. The liquidators said in the 1,157-page document that a court decision is needed in light of the number legal proceedings that may arise in the near future and the “virtual radio silence from the management/directors of the Company.”
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