Gemini's $800M Claim On Genesis Isn't Secured, Judge Says
By Alex Wittenberg · February 8, 2024, 7:26 PM EST
A New York bankruptcy judge rejected cryptocurrency exchange Gemini's argument that it has a secured claim on more than $800 million in Genesis Global Capital assets, ruling that because Genesis never...
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