What happened to Genesis cryptocurrencies?

It added that Genesis’ derivatives and spot trading, broker dealer and custody businesses were not part of the bankruptcy process, and continue their client trading operations. Genesis’s bankruptcy filing is the latest in a cascade of crypto failures and steep job cuts triggered by plunging prices last year.

Did Genesis & Gemini sell crypto assets to investors?

Last week the SEC accused both Genesis and Gemini of illegally selling crypto assets to investors. The Winklevoss twins said they were looking forward to defending the action, but DCG has so far not commented. Cameron Winklevoss tweeted shortly after Genesis filed for bankruptcy. Allow Twitter content?

Will Genesis' insolvency halt the bitcoin Bull Run?

“The industry has already discounted the insolvency of Genesis. It won’t halt the bitcoin bull run. Ordinary investors have been very scared by recent events in crypto markets. But when they see prices trending again, they will reinvest in crypto – thereby also providing fees to crypto institutions –believing it is safe to do so.”

How much does Genesis owe its creditors?

Genesis owes its 50 biggest creditors $3.4 billion, according to Reuters' calculations from the bankruptcy filing. It owes $765.9 million to its largest creditor, crypto exchange Gemini, founded by identical twins Cameron and Tyler Winklevoss, cryptocurrency pioneers and former U.S. Olympic rowers.