A Connecticut judge has let federal securities claims against Digital Currency Group move forward in the Genesis collapse case, saying investors plausibly alleged DCG helped obscure Genesis’s financial trouble. Some state fraud claims were tossed for now, but discovery is now on the table.
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US Court Allows Three Arrows Capital to Expand Claim Against FTX to $1.53 Billion In a significant legal decision, the U.S. Bankruptcy Court for the District of Delaware granted Three Arrows Capital (3AC) permission to increase its claim against the now-defunct FTX cryptocurrency exchange from $120 million to $1.53 billion. This ruling, issued on March […]
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SEC Fines Digital Currency Group $38 Million for Misleading Investors The U.S. Securities and Exchange Commission (SEC) has imposed a hefty $38 million penalty on Digital Currency Group (DCG) for misleading investors about the financial health of its subsidiary, Genesis Global Capital (GGC), during a critical period in mid-2022. This crackdown highlights the SEC’s increasing […]
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