Genesis purchases $2.1B of Bitcoin following GBTC sell-off
Bankrupt crypto lending firm Genesis reportedly sold 36 million GBTC shares to purchase 32,041 Bitcoin as part of its efforts to pay back creditors.
Genesis Bags 32,000 Bitcoins After Selling Grayscale Shares
Genesis has taken a unique approach to maximizing returns for its creditors: buying Bitcoin.
Genesis GBTC sell-off will balance out in crypto market
Coinbase is confident that the funds from Genesis’ sale of GBTC shares will circulate back into the crypto ecosystem.
Genesis Settles $1B Crypto Fraud Case with NY AG Office
Genesis moves to close its tumultuous legal saga by agreeing to settle with the New York Attorney General’s office.
Genesis strikes a deal with SEC, agreeing to pay a $21 million settlement.
Facing charges from the SEC over its crypto lending practices, Genesis has agreed to a $21 million settlement. This move aims to close a chapter of legal challenges following the company’s bankruptcy filing last year amid a wider crypto market collapse.
