Page 33 - Three Arrows News Today

Two months after Genesis suddenly halted withdrawals and forced Tyler and Cameron Winkelvoss to pause redemptions on Earn accounts, it's harder than ever to believe their customers will recoup the $900 million that is still stuck in limbo.

Cameron Winklevoss, co-founder of cryptocurrency exchange Gemini, called for the removal of Digital Currency Group Inc Chief Executive Barry Silbert on Tuesday, amid tensions between the high-profile

EARLIER LETTER The latest development comes a week after Winklevoss penned another open letter to Silbert, accusing him of engaging in "bad faith stall tactics." DCG itself owes $1.675 billion to the crypto lending arm of its subsidiary Genesis, according to a November letter Silbert sent to shareholders. That includes a $1.1 billion promissory note that appears to be connected with liabilities DCG assumed from Genesis after it was hit hard by the collapse of Singapore-based crypto h...

Stamford, Connecticut-based Digital Currency Group (DCG) is the parent company of several high-profile crypto firms, including crypto asset manager Grayscale and Genesis, which brokers digital assets for financial institutions like hedge funds and asset managers. The conflict comes after Genesis' crypto lending arm halted customer withdrawals in November when crypto exchange FTX filed for bankruptcy.

"Contagion takes a long time to fully play out and we expect that there are still some dominos to fall in 2023," one crypto executive told Insider.

Dreary holiday season sales failed to help solve the struggling retailer’s financial woes, leaving the company with few options.

Genesis conducted the latest staff cut after informing clients about "reducing costs and driving efficiencies" amid challenging times.

The unconventional way liquidators used to issue the subpoenas was necessary because the whereabouts of founders Su Zhu and Kyle Davis are still unknown.

Good morning. Here’s what’s happening:Prices: CoinDesk Market Index (CMIP) 837.58 ...

Barry Silbert’s Genesis Trading reduced headcount by 30%, or 60 jobs, as the crypto lender fends off a potential bankruptcy filing after the collapse of FTX.