Genesis Says Gemini's $800M Collateral Claim Not Secured
By Rick Archer · January 18, 2024, 8:09 PM EST
Bankrupt cryptocurrency investment platform Genesis Global Capital asked a New York bankruptcy judge Thursday to reject arguments from rival Gemini Trust Co. that it has a secured claim on $800 million...
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