Gemini Returns $2.2B Of Crypto From Genesis Ch. 11

By Clara Geoghegan · May 29, 2024, 12:03 PM EDT

Crypto Exchange Gemini and bankrupt former crypto lender Genesis Global Holdco LLC returned $2.18 billion worth of digital assets Wednesday to 232,000 users of an interest-accruing lending program, Gemini Earn, that...

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Bankruptcy Scorecard


Cryptocurrency lending platform Genesis Global Holdco LLC filed for Chapter 11 bankruptcy in January 2023 with $5.1 billion, after huge players in the digital asset space fell into Chapter 11, including exchange FTX Trading Ltd. and lending platform Celsius Networks.

Case Number



Sean H. Lane


U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

$5.1 billion

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Case Information

Case Title

Genesis Global Holdco, LLC

Case Number



New York Southern

Nature of Suit

Date Filed

January 19, 2023