The filing revealed total liabilities between $1.2 billion to $11 billion and over 100,000 creditors.
Genesis Global Holdco Restructures, Gemini Threatens Legal Action
Genesis Global Holdco, the parent company of Genesis Global Capital, also filed for bankruptcy. The company stated it has $150 million in cash to support the restructuring process and may consider a sale or equitization deal to pay creditors.
Meanwhile, Gemini Trust Co, founded by Cameron and Tyler Winklevoss, has threatened to take legal action against Barry Silbert, CEO of Digital Currency Group, over an ongoing feud over a cryptocurrency loan product called Earn.
