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Digital Currency Group was sued on Wednesday by its bankrupt Genesis Global Capital cryptocurrency lending unit, as both sides negotiate DCG's repayment on more than $610 million of loans that ...
Genesis Global Trading, Inc. was founded in 2013. [4] It is a subsidiary of the Digital Currency Group, a venture capital company founded by Barry Silbert. [3] Genesis' business consists of entities that provide trading, lending, and custody digital assets, targeting institutional clients and high-net-worth individuals.
According to the latest lawsuit, Gemini knew that Genesis’ loans were risky and, at one point, “highly concentrated” with Bankman-Fried’s crypto trading house Alameda Research.
Gemini knew Genesis' loans were undersecured and at one point highly concentrated with one entity, Bankman-Fried's crypto hedge fund Alameda that later went belly up, James said.
Genesis Global Capital. Grayscale Investments. Luno. Website. dcg.co. Digital Currency Group (DCG) is a venture capital company focusing on the digital currency market. It is located in Stamford, Connecticut. [2] The company has the subsidiaries Foundry, Genesis, Grayscale Investments, and Luno. It also formerly owned CoinDesk.
Genesis Market was a cybercrime -facilitation website noted for its easy-to-use interface. It enabled users to spoof over two million different victims, providing access to their bank accounts. The website was founded in 2017 and its publicly visible web operations were reportedly shut down by an international police operation in April 2023.
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