SEC asks Congress for more cash, takes legal lumps for fibbing in digital currency TRO
The SEC is asking Congress for $2.594 billion in funding for the coming year, justifying the boost based on the “significant growth and change in our markets.”
Latest Genesis Global Capital News
3AC’s Su Zhu jailed for four months after trying to flee Singapore
Court-appointed liquidator Teneo announced that Su Zhu had been “apprehended at Changi Airport whilst attempting to travel out of Singapore following a committal order granted by the Singapore Courts against him.”
Gemini’s Winklevii deny withdrawing $282M of their cash from Genesis pre-bankruptcy
The Winklevii argue that their mega-withdrawal from Genesis were personal funds, a claim that has yet to be proven and slammed by Gemini users whose funds were left on the collapsed exchange.
Barry Silbert sweats as FBI probes Digital Currency Group’s financial transfers
FBI agents interviewed Cameron Winklevoss regarding allegations that Digital Currency Group boss Barry Silbert misrepresented the financial health of DCG’s now-bankrupt lending arm Genesis Global Capital.
Cameron Winklevoss slams Barry Silbert and SEC, defends poison Kool-Aid
Cameron Winklevoss tweeted 'An Open Letter to DCG boss Barry Silbert,' whose troubled Genesis Global Capital offshoot filed for bankruptcy protection in January.
FTX’s Sam Bankman-Fried seeks dismissal of charges; DCG’s Barry Silbert on the ropes
Sam Bankman-Fried appears to concede that charges of fraud and money laundering filed against him have merit as his attorneys filed pretrial motions to dismiss 10 of the 13 charges by the U.S. Department of Justice.
Roger Ver sued for reneging on $21M debt to Genesis trading group
GGC International Ltd filed a summons with the New York State Supreme Court, giving Roger Ver 20 days to answer the complaint filed against him for failing to honor his financial obligations.
Gemini seeks ‘unfit’ Barry Silbert’s ouster as Digital Currency Group CEO
Cameron Winklevoss says some 340,000 Gemini Earn users have been “defrauded” by DCG subsidiary Genesis Global Capital and, by extension, by Silbert “and other key personnel.”
Gemini’s Winklevoss, DCG’s Silbert play blame game over Genesis collapse
Barry Silbert hits back with Cameron Winklevoss' accusation, saying DCG never borrowed funds from Genesis and has delivered a proposal to solve the liquidity issues at both firms.
Genesis suspends withdrawals amid digital currency industry meltdown
FTX's implosion could result in three things: prolonged 'crypto' contagion, enforcement of stiff asset class regulations, and weakened industry confidence.