DCG Financial News
06.03 / 19:43
genesis
DCG
Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General
Digital Currency Group (DCG), the parent company of the now-defunct cryptocurrency lending platform Genesis Global Capital, has taken action to dismiss the lawsuit filed against it by New York Attorney General Letitia James.
26.04 / 10:51
Legal
Digital Currency Group
DCG
DCG Boosts Legal Arsenal with First Chief Hire During New York AG Dispute
Digital Currency Group (DCG), parent firm of bankrupt crypto lender Genesis, has brought on its first-ever chief legal officer as it faces a lawsuit from New York’s Attorney General.
12.03 / 17:29
Tether
USDT
DCG
Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience
Paolo Ardoino, the CEO of Tether, the issuer of USDT, the world’s largest stablecoin by market cap, has taken a jab at Digital Currency Group (DCG), the distressed crypto firm currently facing a lawsuit from the New York Attorney General (NYAG).
12.02 / 22:11
Grayscale
GBTC
DCG
Grayscale and DCG Object to Genesis’ $1.6B Trust Shares Liquidation Plan
On February 12, Digital Currency Group (DCG) and Grayscale raised objections to bankrupt lender Genesis’ plan to sell off its assets. This includes shares in Grayscale’s Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Classic Trust (ETCG), amounting to around $1.6 billion.
09.02 / 22:13
DCG
New York Attorney General Triples Fraud Allegations Against DCG to Over $3 Billion
New York Attorney General Letitia James has escalated the state’s legal action against Digital Currency Group (DCG), tripling the estimated size of the alleged fraud to over $3 billion. This development follows a prolonged investigation by James’s office, which uncovered additional investors defrauded of $2 billion in assets, as disclosed in a statement released on Friday. The lawsuit centers on a cryptocurrency lending program known as Gemini Earn.
10.01 / 06:22
Digital Currency Group
DCG
Controversy Arises as Genesis Creditors Challenge DCG’s Claim of Full Debt Repayment
Digital Currency Group (DCG) is facing allegations from an ad hoc group of lenders, claiming that DCG has not fulfilled its repayment requirements to its bankrupt subsidiary, Genesis Global.
29.11 / 05:07
Digital
Action
Strategy
Gemini
genesis
DCG
Genesis Reaches Settlement With Parent Company DCG in $620M Lawsuit
The beleaguered crypto lender Genesis and its parent company, Digital Currency Group (DCG), have reached a settlement that could end the protracted lawsuit aimed at recovering $620 million in repayments from DCG.
15.09 / 09:55
Provident
Digital
SEC
Gemini
DCG
services
Genesis Terminates Crypto Spot and Derivatives Trading Services – What’s Going On?
Digital Currency Group’s Genesis that went bankrupt in January this year, continues to get hit by the bear crypto market. The digital assets lender is winding down its cryptocurrency spot and derivative trading business completely.
07.09 / 04:39
Digital Currency Group
genesis
DCG
Genesis Sues Parent Firm DCG Over $600 Million Loan Repayment
Genesis Global Capital (GGC), a subsidiary of Digital Currency Group (DCG) based in New York, has initiated two lawsuits against DCG and its international arm, DCGI, aiming to secure the repayment of loans totaling $600 million.
31.08 / 15:37
Gemini
genesis
DCG
resolution
Gemini and Two Other Creditor Groups Object to Genesis' Bankruptcy Resolution Proposal
Crypto exchange Gemini has objected to Genesis' bankruptcy resolution proposal, claiming that the plan lacks necessary specifics and fails to offer adequate assurances to its major debtors.
11.08 / 17:27
Gemini
FTX
genesis
DCG
DCG and Barry Silbert Seek Dismissal of Lawsuit by Gemini Trust Company Over Alleged Misrepresentations
Digital Currency Group (DCG) has filed a motion to dismiss Gemini's lawsuit, claiming fraud by the company and its founder, Barry Silbert, through DCG's subsidiary, Genesis, which held funds for Gemini's Earn program.
08.07 / 11:27
Gemini
Winklevoss Twins
DCG
DCG Dismisses Gemini Lawsuit As “Publicity Stunt” By Winklevoss
Digital Currency Group responded to the lawsuit filed by Gemini alleging it defrauded its creditors by calling it a “publicity stunt” by Cameron Winklevoss.
07.07 / 17:21
Gemini
Winklevoss Twins
DCG
Winklevoss’ Gemini Sues DCG and Barry Silbert For Fraud
Winklevoss twins led crypto exchange Gemini has filed a lawsuit against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert for allegedly defrauding creditors.
26.05 / 09:35
Gemini
DCG
Tradeblock, DCG Subsidiary, to Be Shuttered Due to Crypto Winter
Amid an ongoing crypto market downturn, digital asset-focused venture capital firm Digital Currency Group (DCG) has announced it is closing its subsidiary TradeBlock which offers its trading services to institutional investors.
26.05 / 01:13
Bankruptcy
genesis
DCG
DCG’s Subsidiary TradeBlock Is Shutting Its Doors: Bloomberg News
TradeBlock, an institutional investor focused subsidiary of Barry Silbert’s crypto conglomerate Digital Currency Group, is closing down, according to Bloomberg News.
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