GenesisVsGemini
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#GenesisVsGemini
The Bankruptcy Court approved a settlement for #gemini and #Genesis to distribute 97% of owed digital assets by early June, with further payments dependent on additional recoveries.
Fore more details click on below
https://www.gemini.com/earn
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The Bankruptcy Court approved a settlement for #gemini and #Genesis to distribute 97% of owed digital assets by early June, with further payments dependent on additional recoveries.
Fore more details click on below
https://www.gemini.com/earn
#write2earnšš¹
#FollowForMoreInsights
šØšØšØBREAKING NEWS šØšØšØ
Gemini's Bankruptcy Leads to Massive Bitcoin Sale!
In a shocking move, Gemini, the bankrupt cryptocurrency exchange, has sold hundreds of millions of dollars worth of Bitcoin. According to Arkham's data, an address linked to Genesis Trading transferred a whopping 12,000 BTC (approximately $760 million) to Coinbase last month. This transaction is believed to be connected to Genesis' bankruptcy liquidation proceedings.
But that's not all - Genesis holds an additional 33,000 BTC, which could potentially create new selling pressure if sold. And that's still not the end of it - they also have significant amounts of other cryptocurrencies, including:
- $365 million worth of Ethereum
- $5.5 million worth of Compound (COMP)
- Small amounts of TRON (TRX), The SandBox (SAND), The Graph (GRT), and USD Coin (USDC)
Stay tuned for further updates on this developing story! šØšØ
#GENESIS #GenesisVsGemini #BreakingCryptoNews #Write2Earn! #CPI_BTC_Watch
Gemini's Bankruptcy Leads to Massive Bitcoin Sale!
In a shocking move, Gemini, the bankrupt cryptocurrency exchange, has sold hundreds of millions of dollars worth of Bitcoin. According to Arkham's data, an address linked to Genesis Trading transferred a whopping 12,000 BTC (approximately $760 million) to Coinbase last month. This transaction is believed to be connected to Genesis' bankruptcy liquidation proceedings.
But that's not all - Genesis holds an additional 33,000 BTC, which could potentially create new selling pressure if sold. And that's still not the end of it - they also have significant amounts of other cryptocurrencies, including:
- $365 million worth of Ethereum
- $5.5 million worth of Compound (COMP)
- Small amounts of TRON (TRX), The SandBox (SAND), The Graph (GRT), and USD Coin (USDC)
Stay tuned for further updates on this developing story! šØšØ
#GENESIS #GenesisVsGemini #BreakingCryptoNews #Write2Earn! #CPI_BTC_Watch
Genesis vs. Gemini: New Twist in Cryptocurrency Controversy
The crypto world is in turmoil again! Genesis Global Capital has hit Gemini Trust with a massive $689 million lawsuit, accusing them of unethical financial maneuvers during a critical period.
This shocking development adds fuel to the fire of the ongoing cryptocurrency disputes that have plagued the industry in recent months. Remember the FTX collapse? This legal battle stems from its fallout, with both companies entangled in a web of lawsuits and accusations. ļø
What's at stake? Genesis claims Gemini gave themselves an unfair advantage by withdrawing large sums of money just before Genesis filed for bankruptcy. This, they allege, hurt other creditors and violated fair play. āļø
But the story doesn't end there! Both companies face additional legal battles, with regulatory bodies and even the New York Attorney General joining the fray. This complex web of legal accusations paints a bleak picture for the future of crypto, leaving investors and enthusiasts wary and concerned.
Is this the end of crypto as we know it? Only time will tell. But one thing is certain: the industry needs to navigate these choppy waters with transparency and accountability to regain trust and ensure a stable future.
Stay tuned for further updates! This drama is far from over, and the outcome could have significant implications for the entire cryptocurrency ecosystem.
#GenesisVsGemini #lawsuit #cryptoāļø #TrendingTopic #CryptoScoop
The crypto world is in turmoil again! Genesis Global Capital has hit Gemini Trust with a massive $689 million lawsuit, accusing them of unethical financial maneuvers during a critical period.
This shocking development adds fuel to the fire of the ongoing cryptocurrency disputes that have plagued the industry in recent months. Remember the FTX collapse? This legal battle stems from its fallout, with both companies entangled in a web of lawsuits and accusations. ļø
What's at stake? Genesis claims Gemini gave themselves an unfair advantage by withdrawing large sums of money just before Genesis filed for bankruptcy. This, they allege, hurt other creditors and violated fair play. āļø
But the story doesn't end there! Both companies face additional legal battles, with regulatory bodies and even the New York Attorney General joining the fray. This complex web of legal accusations paints a bleak picture for the future of crypto, leaving investors and enthusiasts wary and concerned.
Is this the end of crypto as we know it? Only time will tell. But one thing is certain: the industry needs to navigate these choppy waters with transparency and accountability to regain trust and ensure a stable future.
Stay tuned for further updates! This drama is far from over, and the outcome could have significant implications for the entire cryptocurrency ecosystem.
#GenesisVsGemini #lawsuit #cryptoāļø #TrendingTopic #CryptoScoop
