Crypto loan company Genesis information for bankruptcy in hottest blow to Barry Silbert’s DCG empire

Crypto loan company Genesis information for bankruptcy in hottest blow to Barry Silbert’s DCG empire


Important Details
  • Genesis Trading submitted for individual bankruptcy defense soon after suffering crippling losses from the collapses of FTX and hedge fund A few Arrows Money.
  • Genesis is a element of Barry Silbert’s Electronic Forex Team, which has found mounting difficulties in new months.
  • Some of Genesis’ greatest clientele involve Circle, which operates stablecoin USD Coin, and Gemini, which is backed by the Winklevoss twins.



Resource

Stocks making the biggest moves after hours: Five Below, MongoDB, Verint Systems and more
Finance

Stocks making the biggest moves after hours: Five Below, MongoDB, Verint Systems and more

Check out the companies making headlines in after-hours trading: Five Below — Shares of the discount retailer added 2.5% on the back of strong first-quarter financial results and second-quarter guidance. Five Below reported adjusted earnings of 86 cents per share on $971 million in revenue, while analysts polled by LSEG called for 82 cents per […]

Read More
Stocks making the biggest moves midday: CrowdStrike, Tesla, Dollar Tree, Thor Industries and more
Finance

Stocks making the biggest moves midday: CrowdStrike, Tesla, Dollar Tree, Thor Industries and more

Check out the companies making headlines in midday trading: CrowdStrike — The cybersecurity stock was down nearly 7% after the company’s revenue forecast for the current quarter undershot analysts’ estimates. CrowdStrike said it expects revenue in the range between $1.14 billion and $1.15 billion, while analysts polled by LSEG were looking for $1.16 billion. Dollar […]

Read More
Stocks making the biggest moves premarket: Dollar Tree, CrowdStrike, Wells Fargo, Constellation Energy and more
Finance

Stocks making the biggest moves premarket: Dollar Tree, CrowdStrike, Wells Fargo, Constellation Energy and more

Check out the companies making headlines in premarket trading. Dollar Tree — The budget retailer slid about 4% after saying earnings per share could decline by as much as 50% in the current quarter, partly due to cost pressures from tariffs. Analysts polled by FactSet expected per-share earnings to fall just 2%. Thor Industries — […]

Read More