Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings

Genesis lawsuit alleges DCG ‘alter ego’ scheme, ignored warnings

A newly unsealed complaint reveals DCG executives anticipated legal fallout and ignored risk warnings as Genesis spiraled toward collapse. A newly unsealed complaint from bankrupt crypto lender Genesis reveals internal communications at its parent company, Digital Currency Group (DCG), suggested executives were aware of financial mismanagement and looming legal risks tied to their control over…

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Metaplanet adds 1,111 Bitcoin, approaches Tesla’s BTC holdings

Metaplanet adds 1,111 Bitcoin, approaches Tesla’s BTC holdings

Metaplanet has added 1,111 BTC to its corporate treasury, bringing its total holdings to 11,111 BTC, just 398 BTC shy of Tesla’s stash. Metaplanet, Japan’s top Bitcoin corporate treasury company, announced Monday that it had purchased an additional 1,111 Bitcoin. According to a Monday regulatory filing, Metaplanet’s total holdings have reached 11,111 Bitcoin (BTC), putting…

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