Gemini co-founder Cameron Winklevoss accused Digital Currency Group (DCG) CEO Barry Silbert of bad faith tactics over the $900 million debt owed by Genesis trading to Earn users. In a Jan. 2 open letter, Winklevoss said Silbert employed stalling tactics and refused to meet stakeholders to resolve issues surrounding the situation. The exchange co-founder gave…
An analysis of the Arkham Intelligence dashboard CryptoSlate Research shows that popular crypto lender Genesis received billions in FTT tokens from bankrupt crypto firms Alameda Research and FTX over the past year. FTX’s FTT Transfers to Genesis (Source: Arkham Intelligence) FTX’s FTT Transfers to Genesis (Source: Arkham Intelligence) For context, Genesis received $932.56 million worth…
Gemini, a cryptocurrency exchange based in the U.S., said that it has paused withdrawals on its Earn program. Genesis Global, the lending partner of the Earn program, is no longer able to meet customer redemptions as mandated in its service-level agreement (SLA). The exchange said it was working with the Genesis team to help its…
Three Arrows Capital (3AC) liquidators have applied to a High Court in Singapore to deny any claim made by the hedge fund or access to its headquarters, court filings showed. The liquidators said they need the court to protect the hedge fund assets in Singapore, given the number of legal proceedings that might come against…
American digital currency prime brokerage Genesis released its Q4 2021 Market Observations Report, which provides detail on the company’s results and market indicators over the past quarter and the whole year of 2021. Per the report, the digital asset market saw strong growth during 2021. This growth highlights major trends across institutional digital asset markets,…