Does Genesis owe $900 million to Gemini's clients?

Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owe $900 million to Gemini’s clients, according to a Financial Times report disclosed on Dec. 3, citing people familiar with the matter. The issue derives from the FTX dramatic collapse in November.

Is Genesis selling its song catalog for $300 million?

Genesis is selling its song catalog for a reported $300 million. A deal is expected to be announced soon between the band and the Concord music group, the Wall Street Journal reported Thursday. That arrangement will reportedly see Genesis and its star Phil Collins part ways with their recordings and publishing rights.

Why did Genesis raise $175 million?

The rush to raise cash by Genesis was precipitated by a liquidity crunch at its lending unit after the implosion of crypto exchange FTX. Genesis halted redemptions shortly after revealing on November 10 that it had $175 million locked in an FTX trading account.

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