🔔 FTX Seeks Court Approval to sell off $175M Claim Against DCG's Genesis !

On February 1, FTX filed a motion in a Delaware court to sell its claim of $175 million against the bankrupt digital financial services firm Genesis Global Capital. The claim was originally made by Alameda Research, the associated hedge fund of the bankrupt cryptocurrency exchange. $FTT

#Write2Earn #FTT/USDT #Ftx❓ #GENESIS

🔔 Genesis Settles for $21 Million Penalty, Prioritizing Payment of Bankruptcy Claims !

Genesis Global Capital has agreed to pay a $21 million civil penalty in a settlement over charges related to the unregistered offer and sale of securities through Gemini Earn. The settlement includes a permanent injunction. However, payment to the SEC will only occur after all allowed claims by the bankruptcy court, which includes retail investors from Gemini Earn.
#Write2Earn‬ #GENESIS #SEC诉讼 #geminiearn