Crypto exchange Gemini Trust Co has announced that bankrupt crypto lender Genesis has filed a motion in U.S. Bankruptcy Court to authorize the sale of trust assets. The motion also seeks authorization to monetize Genesis' interests in two Grayscale Ethereum trusts, which are securities that provide investors exposure to cryptocurrency. The motion specifically requests authority for Gemini to monetize the initial collateral of 30,905,782 shares of Grayscale Bitcoin Trust
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nivana
npub1k2…5myjy
2024-06-06 11:19:03
in reply to nevent1q…axls
Author Public Key
npub1k2jep5jkjxshlwrqq27c7svktgpamkgh7sqrhk5z5tlhsuqkk0vsr5myjyPublished at
2024-06-06 11:19:03Event JSON
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"content": "Crypto exchange Gemini Trust Co has announced that bankrupt crypto lender Genesis has filed a motion in U.S. Bankruptcy Court to authorize the sale of trust assets. The motion also seeks authorization to monetize Genesis' interests in two Grayscale Ethereum trusts, which are securities that provide investors exposure to cryptocurrency. The motion specifically requests authority for Gemini to monetize the initial collateral of 30,905,782 shares of Grayscale Bitcoin Trust \n.",
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