Genesis Has Ceased All Crypto Trading Services: Spokesperson
A Genesis booth at the FTX conference in the Bahamas (Danny Nelson/CoinDesk)
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A Genesis booth at the FTX conference in the Bahamas (Danny Nelson/CoinDesk)
His Gemini crypto exchange and conglomerate Digital Currency Group are battling – in and out of court – over the failure of Gemini’s Earn lending service.
Shifke fills the gap left when Michael Kraines stepped down as CFO in April.
Digital Currency Group comments on the restructuring in an investor letter.
A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.
Creditors of the crypto financial firm Genesis call for $1.5 billion of forbearance payments and loans denominated in dollars, bitcoin and ether, according to a term sheet posted on Twitter by the Gemini co-founder.