On January 19, 2023, certain Genesis entities filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code. For more information and updates regarding the filings, visit our restructuring website.

Genesis Files Agreement In Principle With The Court

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On February 10, Genesis filed with the court an agreement in principle with DCG and key groups of creditors. See below for a statement from Derar Islim, Genesis Interim CEO:

Genesis today moved a step closer to a resolution for our lending business that maximizes value for all clients and stakeholders. We have filed with the court our previously announced agreement in principle with DCG and key groups of creditors. We thank our talented team at Genesis for their ongoing dedication and commitment, and are excited about working together to build Genesis for the future.

View The Court Filing

About Genesis

Genesis is a full-service digital currency prime brokerage providing a single point of access for select qualified individuals and global institutional investors. Genesis combines unrivaled operational excellence, a seamless user experience, and best-in-class client service to provide the full suite of services global investors require to manage their digital asset portfolios.

The firm offers sophisticated market participants a fully integrated platform to trade, borrow, lend, and custody digital assets, creating new opportunities for yield while increasing capital efficiency for counterparties.

For more information on Genesis, please visit genesistrading.com.


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