Genesis Global Capital Sues Gemini Trust Over Alleged $689M ‘preferential Transfers’
In a growing dispute between two crypto industry titans, Genesis Global Capital is taking legal action against Gemini Trust, seeking to reclaim over $689 million in what it terms as ‘preferential transfers’. What Happened: According to a CoinDesk report on Tuesday, Genesis accuses Gemini of making preferential transfers at the detriment of other creditors. Through […]
Genesis Global Capital sues parent company DCG and DCGI for Over $600M loans
Cryptocurrency lender Genesis Global Capital (GGC) has filed two lawsuits against its parent company Digital Currency Group (DCG) and an affiliate, DCG International Investments (DCIG). The lawsuits seek the repayment of overdue loans totaling over $600 million. GGC loaned DCIG over 18,000 BTC, which was partially repaid but still has an outstanding balance. GGC is […]