6.3 C
New York
Tuesday, March 24, 2026
spot_img

Tag: Genesis Global Trading

Genesis Settles for $21 Million with SEC Over Unregistered Crypto Asset Lending Program

Bankruptcies tamir -
Genesis Global Capital, LLC has agreed to a final judgment that includes a $21 million civil penalty and a permanent injunction, resolving charges brought by the U.S. SEC accusing Genesis of conducting an unregistered offer and sale of securities via its crypto asset lending program. The SEC will be queued behind other claimants, including retail investors, in the bankruptcy court's distribution of payments, ensuring that Genesis's penalty is only paid after the fulfillment of all other allowed claims.

Crypto War: Hedge Fund Fir Tree Filed Lawsuit Against Grayscale

Court Cases tamir -
The big players in the global crypto scene are waging war against each other. New York-based hedge fund Fir Tree Capital Management is suing Grayscale Investments for information to investigate potential mismanagement and conflicts of interest at its $10.7 billion Grayscale Bitcoin Trust (GBTC), Bloomberg reports. GBTC is trading at a 43% discount to the value of the Bitcoin it holds, partly because the firm issued many shares in the past few years and didn’t redeem any of them.

Troubled Crypto Broker Genesis Loses CEO And Fires 20% Of Its Workforce.

Crypto Schemes Charlene Lensburg -
The New York-based digital asset brokerage and crypto lender Genesis Global Trading Inc. (www.genesistrading.com) announced that CEO Michael Moro is stepping down. Genesis COO Derar Islim will take over as interim CEO. Furthermore, WSJ reports that the company plans to fire 20% of its workforce. During the 2021 crypto bull run, the company's loan originations surged more than sevenfold to $131 billion, and the company increased its headcount by 22% to 260. A cut of 20% equates to the loss of about 52 jobs.

FinTelegram is a cyberfinance intelligence and compliance platform investigating financial crime, regulatory violations, and the rails, entities, and ecosystems that facilitate them. Combining investigative journalism, whistleblower intelligence, and forensic compliance analysis, we map risk across payments, banking, crypto, and offshore structures to support transparency, accountability, and informed action.

Contact us: [email protected]

Disclaimer: FinTelegram is an independent intelligence and compliance platform and does not provide investment, legal, or financial advice. Content published on this website, including references and links to third-party sources, is provided for informational, contextual, and educational purposes only and does not constitute a recommendation, endorsement, or solicitation. Readers must make their own independent assessment and obtain professional advice where appropriate. Past events and referenced materials are not a track record and should not be relied upon as an indicator of future results.

© Copyright - FinTelegram News powered by Cyber Intelligence Services LLC