Genesis Creditors Call $175M FTX Deal A Bid To 'Buy Votes'
By Aislinn Keely · September 1, 2023, 9:36 PM EDT
A proposed $175 million settlement between the bankrupt crypto firms Genesis Global Holdco and FTX is facing fresh opposition from Genesis's lenders and Tyler and Cameron Winklevoss's Gemini Trust Co., which...
Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.
Case Number
23-bk-10063
Judge
Sean H. Lane
Venue
U.S. Bankruptcy Court for the Southern District of New York