Two Ethereum wallets that had remained untouched since the blockchain’s inception in 2015 have suddenly been activated, moving a combined 1,140 ETH valued at approximately $2.9 million according to Whale alerts. Blockchain data shows that the wallets, beginning with addresses “0x27” and “0x7f,” were created on July 30, 2015 — ...
Crypto lending firm Genesis Global Capital has filed two major lawsuits against its parent company, Digital Currency Group (DCG), and CEO Barry Silbert, accusing them of fraudulent transactions and financial misconduct that allegedly drained over $1 billion from Genesis while it was insolvent. According to a May 20 report by ...
Twelve additional individuals have been indicted for their alleged involvement in a sprawling $263 million cryptocurrency theft, which included the high-profile theft of 4,100 Bitcoin from a Genesis creditor in August 2024. The U.S. Department of Justice (DOJ) unveiled the charges in a statement released on May 15. These new ...
Binance is facing allegations of selling Gopax user deposit claims in Genesis Global without creditor approval, as reported by South Korean news outlet Hankyung. Binance is now the largest shareholder of the South Korean exchange Gopax. Last year, Binance-backed Gopax reportedly sold user claims in Genesis Global for less than ...
A New York court has approved a landmark $2 billion settlement between bankrupt crypto lender Genesis and the New York Attorney General's Office (NYAG). The settlement will establish a fund for over 230,000 investors, including 29,000 New Yorkers, who collectively invested more than $1.1 billion in Genesis through the Gemini ...
Digital Currency Group (DCG) has reached an agreement with the creditors of its cryptocurrency lending firm, Genesis. As per court documents submitted on August 29, 2023, if the court approves the agreement, unsecured creditors could expect to recover between 70% and 90% of the owed amount in terms of USD. ...
Gemini has begun offering Ethereum staking to its users in the UK as part of its efforts to diversify its offerings and reach more people worldwide. On June 23, 2023, the crypto exchange officially launched Gemini Staking Pro in the UK, allowing institutions and high-net-worth individuals to participate as validators ...
Gemini Crypto Exchange is considering offering forbearance to Digital Currency Group (DCG) after DCG missed a repayment of $630 million. The ‘forbearance’ agreement would provide DCG with temporary relief by reducing or pausing their mortgage payments so they can repay them later. According to Gemini, the decision to grant forbearance ...
