Troutman Pepper Weekly Consumer Financial Services Newsletter
Troutman Sanders
FEBRUARY 13, 2024
On February 8, a New York bankruptcy judge ruled against cryptocurrency exchange Gemini’s claim that it has a secured claim on more than $800 million in Genesis Global Capital assets. Gemini had alleged that Genesis pledged more than 61 million shares of Grayscale to secure loans, then defaulted on the loans. million penalty.
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