DCG, Former Genesis CEO to Pay SEC $38.5M to Settle Securities Fraud Charges The charges stem from DCG and Genesis’ response to the 2022 collapse of crypto hedge fund Three Arrows Capital.

DCG Confirms Reports Foundry Layoffs, Says its 16% of U.S. Employees A spokesperson for Foundry says the decision stems from a move to focus on its core business.

Will Lawsuit Against DCG Impact GBTC’s Chances of an ETF Conversion? Analysts are speculating over whether the lawsuit might have any implications for its GBTC conversion chances.

DCG, Genesis Were the ‘Adults in the Room’ but Didn’t Behave Like It

Gemini, Genesis, DCG Sued by New York Attorney General for Allegedly Defrauding Investors The lawsuit alleges that Gemini knew Genesis’ loans were undersecured and at one point highly concentrated with one entity, Sam Bankman-Fried’s Alameda, but did not reveal this information to investors.

First Mover Americas: New York AG Sues Gemini, DCG, Genesis The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Beleaguered Gemini Earn Customers Will Be Made ‘Nearly Whole,’ DCG and Genesis Say About Remuneration Plan A filing on Tuesday states that if the assorted creditor groups vote through the proposed deal, then “Gemini Earn users are estimated to recover approximately 95-110% of their claims.”

Genesis Lender Group Opposes ‘Wholly Insufficient’ DCG Deal Creditors with $2.4 billion in claims against the bankrupt crypto lender could scupper an agreement made after months of wrangling.