Lending
SEC charges Gemini, Genesis over Earn program; Winklevoss responds
The now-defunct service allegedly constituted an unregistered securities offering.
Mike Dalton 3 min read
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Bear Market
DCG scrambling to raise funds to cover Genesis’ $3B debt burden
DCG is trying to liquidate its venture capital holdings worth $500 million, which is less than 17% of Genesis' outstanding debt.
Lending
Gemini officially discontinues Earn product
The exchange has finally terminated its loan agreement with Genesis.
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Lending
Vauld rejects final acquisition offer from Nexo
Nexo won't acquire the customers or assets of its failed competitor.
Bear Market
Genesis needs more time to sort ‘complex’ financial situation
Genesis CEO said the firm remains focused on its effort to solve its financial issues.
Legal
Gemini Earn users launch class arbitration against Genesis, DCG
The claimants allege that Genesis breached its agreement with Gemini Earn users and engaged in the unregistered sale of securities.
Bankruptcy
Vauld says Nexo acquisition has broken down
Nexo suggests that its plans continue despite Vauld's insistence to the contrary.
Lending
BlockFi one step closer to opening withdrawals, but not for majority of users
The company intends to gain court authorization and allow users to retrieve funds.
Lending
Nexus Mutual expects $3M loss from Orthogonal Trading’s M11 loan default
Nexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool.
