Genesis

Bitcoin Cash (BCH) advocate and so-called “Bitcoin Jesus,” Roger Ver, has broken his silence on his newly received summons from GGC International. The investor said that while he has “sufficient funds” to pay his stated debts, the details of his contract with Genesis make things more complicated. Will Roger Ver Pay Up? In response to a Reddit post on the matter, Ver answered that he had the funds to pay all sums “allegedly owed,” and was willing to pay “what…

Cumberland – an institutionally focused crypto asset trading company – claims Genesis published misleading information about its unsecured claims against the lending giant in its bankruptcy filing on Thursday.  Clearing the Air on Creditor's Claims “Genesis’ bankruptcy filing today reflects misleading and incorrect information, and as part of our commitment to transparency, we are providing more details,” said Cumberland over Twitter on Friday.  The filing, which provided a list of 50 creditors with the largest unsecured claims, listed Cumberland as…

Cameron Winklevoss returned to Twitter on Tuesday with another callout of Digital Currency Group (DCG) and its CEO, Barry Silbert. Winklevoss accused both Genesis Global, DCG, and Silbert of defrauding Gemini, and over 340,000 users of the company’s Earn program. Lies and Fraud at DCG? According to a public statement from the exchange CEO, each party misrepresented the financial health of DCG and Genesis. This lured lenders into continuing to make loans to Genesis, buying time to “dig themselves out…

According to new reports, crypto lending platform Genesis sought to obtain a $1 billion loan at the start of the week. The company reportedly sought emergency funds on November 14 in the wake of the FTX crash. However, Genesis was unable to gather the money it needed. Genesis Global May be Facing Liquidity Problems A Washington State Journal report cited a crucial fundraising document as the source of its data. Per the paper, Genesis Global Capital is facing liquidity issues…

The crypto lending and custody platform Genesis waved another executive goodbye on Wednesday as co-Head of Sales Matt Ballensweig stepped down.  That’s the second executive departure from Genesis after its CEO, and the next in a long list of crypto industry higher-ups this quarter.  Yet Another Departure in Crypto In a Twitter thread on Wednesday, Ballenswelg explained that he was formally leaving his post after over 5 years, and will be transitioning his responsibilities to select colleagues. In the short…