Bankruptcy
Genesis Global caves to liquidity issues, files for Chapter 11 bankruptcy
Genesis' custody, derivatives, broker-dealer, and spot trading business are not part of the bankruptcy proceedings.
Monika Ghosh 2 min read
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MakerDAO approves 85% Gemini USD holdings in DAI stablecoins
Maker's PSM poll showed 50.85% of participants supporting keeping the GUSD debt ceiling at $500 million, while the rest supported its removal.
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FTX CEO John Ray creates taskforce to explore restarting exchange
CEO John Ray stated that ‘everything is on the table’ and if there is a path forward, FTX will explore it.
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Genesis rumored to be preparing bankruptcy filing as soon as next week
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FTX defends move to appoint law firm Sullivan & Cromwell as advisor
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SBF said it was ‘okay’ that Alameda was borrowing FTX user funds
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SBF says latest revelation is “misleading” about FTX.US solvency
FTX management was making a "meaningless comparison" by not including the bank balances as part of the bankrupt's firm assets, said SBF.
Deals
Vauld has until Feb. 28 to figure out a revival plan
In early January, Vauld turned down Nexo's final acquisition offer. Vauld is now weighing bids from two fund managers.
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Genesis owner DCG suspends dividend payouts
The decision marks Digital Currency Group's latest attempt to preserve liquidity.
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