BitcoinWorld NEAR Protocol’s Bold Move: Inflation Cut to 2.5% for Unprecedented Sustainability In the dynamic world of cryptocurrencies, where innovation and economic models constantly evolve, significant announcements can reshape a project’s future. For enthusiasts and investors keenly watching the Layer-1 landscape, a recent proposal from NEAR Protocol has sparked considerable interest. The network has put forth a groundbreaking plan to halve its inflation rate from 5% to a lean 2.5%. This isn’t just a minor tweak; it’s a strategic pivot designed to bolster long-term blockchain sustainability , enhance NEAR token value, and meticulously align ecosystem incentives. But what does this mean for the NEAR community, and why is this decision so pivotal? Understanding NEAR Protocol Inflation: What’s Changing? Inflation in a cryptocurrency context refers to the rate at which new tokens are introduced into circulation. While often necessary to reward validators and secure the network, unchecked inflation can dilute token value over time. Historically, NEAR Protocol has operated with an approximate 5% inflation rate. This rate ensures that validators, who play a critical role in processing transactions and maintaining network security, are adequately compensated for their efforts through newly minted NEAR tokens. The proposed change aims to cut this rate in half, bringing it down to 2.5%. This move reflects a maturing ecosystem and a commitment to a more deflationary or disinflationary model. The core reasons behind this bold proposal are: Improving Long-Term Sustainability: By reducing the rate at which new tokens enter the market, NEAR aims to create a more stable and predictable economic environment for its users, developers, and investors. Supporting Token Value: Economic principles suggest that a reduced supply increase, relative to demand, can lead to increased scarcity and, potentially, higher token value. This benefits all NEAR holders. Aligning Ecosystem Incentives: The adjustment seeks to ensure that the rewards for participating in the network (e.g., staking) remain attractive, while simultaneously making the token more appealing as a long-term asset. Why is Blockchain Sustainability Crucial for NEAR Protocol? For any Layer-1 blockchain aiming for widespread adoption and longevity, sustainability is paramount. It encompasses not just environmental impact, but also the economic viability and robustness of the network’s tokenomics. A sustainable blockchain can fund its operations, incentivize participation, and attract continuous development without relying on an ever-increasing supply of tokens that could depress value. The NEAR Protocol team’s focus on blockchain sustainability through this inflation cut signals a mature approach to managing its economic model. It demonstrates a commitment to: Long-term Viability: Ensuring the network can operate efficiently and securely for decades to come, independent of speculative market cycles. Developer Confidence: A stable economic environment encourages more developers to build on NEAR, knowing their dApps will operate within a predictable financial framework. Investor Trust: A clear strategy for managing token supply instills greater confidence in institutional and retail investors looking for assets with strong fundamentals. This proposal is a proactive step to future-proof the network, ensuring that the incentives for validators and the overall economic health of the ecosystem remain robust even as the network scales. Boosting the NEAR Token Value: An Economic Perspective One of the most anticipated outcomes of this proposal, if passed, is its potential impact on the NEAR token value. Basic supply and demand economics dictate that if the rate of new supply entering the market decreases while demand remains constant or grows, the value of the existing supply tends to increase. Consider the following: Reduced Sell Pressure: Less new NEAR entering circulation means less potential sell pressure from validators or other entities receiving newly minted tokens. Increased Scarcity: Over time, a lower inflation rate leads to greater scarcity of the token, making it potentially more valuable as a store of value. Investor Attraction: Projects with well-managed tokenomics and a clear path to disinflation or deflation often attract long-term investors seeking assets with appreciation potential. This strategic decision by NEAR Protocol aligns with a broader trend in the crypto space where projects are increasingly looking for ways to create more sustainable and value-accreting token models. It’s a clear signal to the market that NEAR is serious about its long-term economic health. The Power of Community: Validator Voting on NEAR Crucially, this significant change is not being imposed from the top down. Instead, it’s subject to a decentralized governance process through validator voting . This democratic approach is a cornerstone of blockchain technology, ensuring that major protocol changes reflect the collective will of the network’s key stakeholders. The voting period for this proposal is extensive, running through the end of July 2025. This extended timeframe allows ample opportunity for: Thorough Discussion: Validators and the broader community can engage in in-depth discussions, analyze the proposal’s implications, and weigh its pros and cons. Informed Decision-Making: It gives validators sufficient time to understand the nuances of the proposal and make an informed decision based on what they believe is best for the network’s future. Consensus Building: A long voting window facilitates the building of consensus, which is vital for the smooth implementation of such a fundamental change. If the proposal secures the required majority from validators, the new inflation model will be implemented in the next protocol upgrade. This demonstrates the robust governance framework of NEAR Protocol , where community participation directly shapes the network’s evolution. Decoding NEAR Protocol’s Tokenomics: What Does This Mean for You? For anyone involved with NEAR – whether as a holder, a developer, or a validator – understanding the implications of these changes to tokenomics is key. This proposed inflation cut is a direct response to the need for a more mature and resilient economic framework. Here’s a simplified look at the before and after: Aspect Current Model Proposed Model (If Passed) Inflation Rate ~5% annually ~2.5% annually Impact on Token Supply Growth Higher rate of new token issuance Reduced rate of new token issuance Potential for Token Scarcity Moderate Increased Long-Term Economic Health Good, but with room for optimization Enhanced for greater sustainability This shift reflects a careful calibration of incentives. While a lower inflation rate might, on the surface, seem to reduce validator rewards in absolute terms, the potential for increased token value could offset this, leading to greater long-term gains. It’s about optimizing the balance between securing the network and preserving the value of the underlying asset. Conclusion: A Defining Moment for NEAR Protocol The proposal to cut NEAR Protocol ‘s inflation rate to 2.5% is more than just a technical adjustment; it’s a strategic declaration of intent. It underscores the network’s unwavering commitment to long-term blockchain sustainability , a stronger NEAR token value proposition, and a more aligned ecosystem for all participants. The ongoing validator voting process through July 2025 is a testament to NEAR’s decentralized governance model, empowering its community to shape its future. If approved, this change could mark a significant milestone in NEAR’s journey, potentially setting a new standard for responsible tokenomics in the Layer-1 space and reinforcing its position as a leading blockchain. To learn more about the latest crypto market trends, explore our article on key developments shaping blockchain technology and its future price action. This post NEAR Protocol’s Bold Move: Inflation Cut to 2.5% for Unprecedented Sustainability first appeared on BitcoinWorld and is written by Editorial Team
Ethena Labs and Germany’s BaFin have reached a pivotal agreement to implement a 42-day redemption plan for USDe stablecoin holders, resolving a protracted regulatory dispute. This resolution marks a significant
Shiba Inu (SHIB) has consistently been one of the most discussed cryptocurrencies in the market due to its large supply and active community. Despite its recent drop to a 16-month low of $0.00001010, SHIB has remained in the top 20 crypto assets, ranked 19th by market cap as of now. It still faces pressure from Litecoin, which could push it down one more spot if SHIB’s valuation continues to drop. However, the long-term outlook held by its supporters focuses not on its current decline but on what the future could hold, particularly the possibility of surpassing Tether’s market cap. Shiba Inu’s lead developer, Shytoshi Kusama, had previously expressed the ambition of bringing SHIB into the top five global cryptocurrencies. The idea of SHIB overtaking Tether may seem unlikely in the short term, but understanding the math behind such a scenario can help evaluate its feasibility. Market Cap SHIB Needs to Beat Tether To determine how much one SHIB could be worth if it overtook Tether, it’s important to compare their market valuations. Currently, Tether (USDT) ranks third overall with a market cap of $156.02 billion. Shiba Inu, on the other hand, has a market capitalization of around $6.37 billion. In a hypothetical situation where SHIB’s market cap increases to $156.1 billion—slightly above Tether’s current figure—it would rise to become the third-largest cryptocurrency globally, behind only Bitcoin and Ethereum. Projected SHIB Price at a $156 Billion Market Cap Assuming Shiba Inu maintains its circulating supply of 589.25 trillion tokens, a $156.1 billion market cap would place the price of a single SHIB at approximately $0.0002649. This figure represents an increase of over 2,300% from its present value of $0.00001081. For context, SHIB’s highest recorded price was $0.00008845 in October 2021, at which point its market cap was still under $45 billion. Reaching $0.0002649 would not only break SHIB’s previous price record but also eliminate one of its leading zeros—something the asset has never done. Can SHIB Realistically Reach $0.0002649? While this price target is ambitious, it is not entirely dismissed by analysts. Forecasts from crypto data platforms suggest that such a valuation might be achievable in the coming years. According to Changelly, SHIB could hit this level by May 2032, while Telegaon offers a more aggressive timeline, predicting the target could be met as early as 2028. Other market watchers have also weighed in with similar expectations. In September 2024, an analyst identified only as Michael highlighted a bullish Elliott Wave pattern in SHIB’s chart and concluded that a price surge to $0.0002 could occur in the medium term. Around the same time, another trader known as Charting Guy asked in November 2024, “are your bags packed enough for something like this?.” The trader’s statement came when SHIB was priced at $0.000025, with an anticipated price of $0.0002. Since then, the token has fallen by 60%, currently trading near $0.00001081. Despite these fluctuations, past rallies offer a reminder that SHIB is capable of sharp upward movements. The most notable occurred during the 2020–2021 cycle, when SHIB saw exponential growth over a short period. While current price action does not point to an immediate surge, the possibility of SHIB attaining a $156 billion market cap remains open, but highly speculative. The long-term vision set by the Shiba Inu team , combined with support from committed holders and periodic bursts of trading activity, could provide the momentum needed for such a move. For now, surpassing Tether would require both significant market interest and favorable macroeconomic conditions. However, if it happens, each SHIB could be worth close to $0.0002649. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post What SHIB Price Would Be If Shiba Inu Surpasses Tether (USDT) appeared first on Times Tabloid .
According to official announcements on June 25th, Binance Wallet has initiated the exclusive Booster Codatta event, offering users the opportunity to earn a share of 600 million XNY tokens by
Fuzzland has disclosed a $2 million insider attack that targeted Bedrock’s UniBTC protocol in September 2024, was carried out by a former employee who used malware, social engineering, and privileged access to compromise internal systems. Fuzzland has taken full responsibility for the breach and reimbursed all affected parties. Insider Access Used in $2M Bedrock Protocol Exploit Fuzzland, in a post on X, revealed that a past employee exploited the UniBTC protocol via a sophisticated insider operation. The individual joined the company under the guise of a skilled MEV developer and later inserted a trojan into Fuzzland’s MEV codebase using a malicious Rust crate named rands. https://t.co/zGdP4bKWzI — 𝕗𝕦𝕫𝕫𝕝𝕒𝕟𝕕 (@fuzzland_) June 23, 2025 The attack vector began with social engineering. The former employee impressed during interviews and demonstrated a functioning MEV bot, earning access to the company’s infrastructure. On September 4, 2024, the attacker modified the project’s Cargo.toml file to include the trojan, which auto-executed in commonly used IDEs such as VSCode and JetBrains. The malware allowed persistent, undetected access to engineering workstations for over three weeks. Security tools such as Falcon and AVG failed to detect the intrusion. However, on September 26, Fuzzland discussed a vulnerability in UniBTC, discovered in a Dedaub report, during an emergency call. Just over an hour later, at 18:28 UTC, the UniBTC protocol was exploited. @Bedrock_DeFi , a multi-asset liquid staking protocol, has confirmed it suffered a security breach involving its synthetic Bitcoin token, uniBTC. #Hack #DeFi https://t.co/fRStCw7hK1 — Cryptonews.com (@cryptonews) September 27, 2024 In response, Fuzzland compensated Bedrock for its losses using company funds. The firm enlisted Web3 security firm zeroShadow to investigate the breach and rule out any internal collusion. It also filed reports with both the FBI and Chinese law enforcement to pursue criminal action. Despite the attack, Bedrock’s total value locked (TVL) grew from $240 million in September 2024 to $535 million in June 2025, according to DeFiLlama data. Fuzzland Launches Major Security Revamp Amid Industry-Wide Spike in Crypto Hacks To safeguard its systems from future incidence, Fuzzland launched new internal controls and adopted enhanced vetting procedures. This includes on-site employee screenings, detailed know-your-employee (KYE) verification, and strict privilege separation. Sensitive systems remain isolated, and private keys are secured in trusted execution environments (TEEs). According to its report, Fuzzland has implemented software bill of materials (SBOM) checks across all codebases. This ensures that any malicious dependencies are flagged before deployment. Fuzzland also expanded its source code analysis capabilities by integrating tools like CodeQL and CodeRabbit. Additionally, Fuzzland reinforced its protocols for handling intelligence under TLP:RED, ensuring strict need-to-know access for vulnerability information. Fuzzland also acknowledged the contributions of Bedrock, SEAL 911 , Slowmist, and zeroShadow in coordinating a swift response. It shared threat indicators such as suspicious IP addresses and malware samples on VirusTotal to assist the broader security community. Crypto hacks and scams hit $364M in April, driven by a $331M phishing heist as social engineering threats surge. #CryptoHacks #BlockchainSecurity https://t.co/4xOe5Qnpkr — Cryptonews.com (@cryptonews) May 1, 2025 Notably, the crypto industry continues to see a rise in crypto hacks driven by phishing and social engineering. Blockchain security firm CertiK reported that over $364 million was stolen in April 2025. This amounted to a 1,163% surge from the $28.8 million stolen in March. In one of the year’s most severe breaches, hackers stole 3,520 Bitcoins worth $330.7 million from a U.S. senior citizen. Meanwhile, the biggest hack to date remains the Bybit hack on February 21. The exchange suffered a major security breach, resulting in hack of a $1.5 billion worth of ETH . The post Ex-Employee Hacks Bedrock UniBTC for $2M: Fuzzland Uncovers Insider Exploit appeared first on Cryptonews .
Bitcoin found upward momentum during the NATO summit, surpassing $107,000. Bloomberg experts foresee XRP Coin ETF approval before the year's end. Continue Reading: Exciting Signs of a Possible XRP Coin ETF Approval This Year The post Exciting Signs of a Possible XRP Coin ETF Approval This Year appeared first on COINTURK NEWS .
Turning a small sum into a life-changing fortune is a dream many share. With a mere $500, there are five meme coins poised to potentially deliver astonishing returns by 2026. This article reveals these explosive options that could transform a modest investment into millions, offering a glimpse into opportunities that might redefine financial paths. Demand for $XYZ Surges As Its Capitalization Approaches the $15M Milestone The XYZVerse ($XYZ) project, which merges the worlds of sports and crypto, has attracted significant investor interest. Unlike typical memecoins, XYZVerse positions itself as a long-term initiative with a clear roadmap and an engaged community. The project was recently recognized as Best NEW Meme Project, further solidifying its appeal. Price Dynamics and Listing Plans During its presale phase, the $XYZ token has shown steady growth. Since its launch, the price has increased from $0.0001 to $0.003333, with the next stage set to push it further to $0.005. The final presale price is $0.02, after which the token will be listed on major centralized and decentralized exchanges. The projected listing price of $0.10 could generate up to 1,000x returns for early investors, provided the project secures the necessary market capitalization. So far, more than $14 million has been raised, and the presale is approaching another significant milestone of $15 million. This fast progress is signaling strong demand from both retail and institutional investors. Champions Get Rewarded In XYZVerse, the community calls the plays. Active contributors aren’t just spectators—they’re rewarded with airdropped XYZ tokens for their dedication. It’s a game where the most passionate players win big. The Road to Victory With solid tokenomics, strategic CEX and DEX listings, and consistent token burns, $XYZ is built for a championship run. Every play is designed to push it further, to strengthen its price, and to rally a community of believers who believe this is the start of something legendary. Airdrops, Rewards, and More - Join XYZVerse to Unlock All the Benefits Dogecoin: From Internet Meme to Crypto Contender Dogecoin began in 2013 as a light-hearted alternative to serious cryptocurrencies like Bitcoin. Using the popular Shiba Inu meme for its logo, it was meant to be a fun and friendly digital currency. Unlike Bitcoin, which has a limited supply, Dogecoin is abundant, with no cap on how many can exist. Every minute, 10,000 new Dogecoins are mined. Initially seen as a "memecoin," its value skyrocketed in 2021. Social media buzz, especially from Elon Musk, helped push Dogecoin into the top ten cryptocurrencies, reaching a market value of over $50 billion. Despite its playful origins, Dogecoin has potential. Its plentiful supply makes transactions fast and fees low, which is useful for small payments or tips online. The strong community behind it shows the power of collective support in the crypto world. In the current market, where interest in digital currencies remains high, Dogecoin stands out for its accessibility and popularity. Compared to other coins, it offers a simple way to get involved in crypto without the high costs associated with Bitcoin or Ethereum. While it's important to consider market volatility, Dogecoin's unique position as both a meme and a functional currency makes it an interesting option. Shiba Inu Coin: The Memecoin Ready to Fetch Utility on Ethereum Meet Shiba Inu (SHIB), a memecoin with big ambitions. Inspired by Dogecoin, SHIB launched in August 2020, created by the mysterious Ryoshi. It runs on the Ethereum blockchain, which means it can work with many apps on that platform. Starting with a massive number of tokens, half were sent to Vitalik Buterin, the co-creator of Ethereum, to build trust. Buterin donated a large portion to the India Covid Relief Fund and burned 40% of the total supply, which put SHIB in the spotlight. SHIB's connection to Ethereum lets it do more than most memecoins. It has ShibaSwap, a place where people can trade coins without a middleman. Plans for NFTs and a community-led system show that SHIB aims to be useful. In today's market, where coins with real purposes get attention, SHIB stands out. While Dogecoin paved the way, SHIB's tech ties could help it become more than a meme. BONK Booms: Solana's Shiba Inu Coin Takes the Crypto World by Storm Meet BONK, the memecoin that's making waves on the Solana blockchain. Sporting a Shiba Inu mascot, BONK aims to give power back to the people in the Solana community. To do this, it gave away half of its total supply to users involved in Solana's NFTs and DeFi projects. After it got listed on Coinbase, BONK's value more than doubled overnight. As a true "community coin," it's designed to be for the users, by the users. But with big gains come big questions. Memecoins like BONK can be unpredictable, and its huge supply might affect its price. Still, BONK is planting roots in the Solana ecosystem. It even launched BonkSwap, its own decentralized exchange. This shows that BONK isn't just a joke—it's joining a growing network of apps. In today's market, where community projects are hot, BONK could be worth a look. Just remember, with memecoins, it's wise to do your homework before jumping in. From Meme to Millions: How PEPE Is Shaking Up the Crypto World PEPE is a new memecoin launched on Ethereum, inspired by the iconic Pepe the Frog meme created by Matt Furie. This deflationary cryptocurrency aims to join the ranks of popular meme coins like Shiba Inu and Dogecoin. With a no-tax policy and a transparent approach, PEPE keeps things pure and simple, appealing to crypto enthusiasts who appreciate its straightforward, meme-based charm. In the spring of 2023, PEPE experienced an explosive surge, with its market cap soaring to $1.6 billion. Early investors saw massive returns, and a strong community of like-minded followers emerged. This boom sparked what some call a "memecoin season," where other meme-based coins also saw wild price swings. PEPE's roadmap includes listings on major exchanges and a plan for a "meme takeover." While the crypto market is always unpredictable, many believe that PEPE has the potential to reach new heights, especially with the upcoming Bitcoin halving that could trigger a bull run. Compared to other coins, PEPE's simplicity and strong community support might make it an attractive option in the current market cycle. Conclusion Though DOGE, SHIB, BONK, and PEPE show strong potential, XYZVerse (XYZ) emerges as the standout with its unique sports-meme synergy and ambitious growth plan. You can find more information about XYZVerse (XYZ) here: https://xyzverse.io/ , https://t.me/xyzverse , https://x.com/xyz_verse Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Arizona is pioneering a transformative approach to cryptocurrency adoption with the passage of Bitcoin Bill HB2324, aiming to integrate digital assets into state financial management. The bill proposes creating a
China told the US to quit using trade as a weapon. Premier Li Qiang made the comments on Wednesday while speaking in Tianjin at the World Economic Forum’s annual meeting, often referred to as “Summer Davos.” According to CNBC, Li said countries should focus on working together on trade, not turning it into a political or security tool . He made it clear that globalization isn’t going away, saying, “Globalization will not be reversed.” Li urged world leaders to stick to what he called the “right” direction. He didn’t bring up the ongoing tensions with Washington directly. He also avoided talking about the Israel-Iran situation. But the context of his speech made his stance obvious. He described international trade as a way to “reshape the rules and order,” which was a not-so-subtle shot at efforts by countries, especially the US, to dominate how global systems work. Li highlights global mediation deal, calls China a consumption engine Li referenced a pact signed last month in Hong Kong by over 30 governments. The deal formed the International Organization for Mediation, which he called an example of using “the wisdom of the East” to solve international disputes. This came across as a way to show that China is pushing a new system for resolving conflicts, one that doesn’t rely on Western institutions. He also spoke about the state of the Chinese economy, saying new steps will be taken to boost consumer spending. China, he said, will not only remain a global manufacturing base, but also turn into a “mega-sized consumption powerhouse.” He didn’t give specific policies, but the message was about doubling down on domestic demand while keeping China hooked into the global economy . Louise Loo, lead economist for China at Oxford Economics, said on CNBC’s The China Connection that Li seemed confident. “We still think that there are challenges this year, but I think it’s not as far-fetched as we thought before,” Loo said. She added, “However punitive tariffs are, I think in the near term, it’s quite hard to decouple China from global supply chains.” Columbia University’s Adam Tooze also weighed in. He called Li’s language about reshaping order “very interesting,” and told CNBC, “What we’re going to see is a pluralization.” Tooze said the focus should be on how systems work, not just on who’s in charge of them. The event brought together several heads of state, including Singapore’s Prime Minister Lawrence Wong, Vietnam’s Pham Minh Chinh, and Ecuador’s Daniel Noboa Azín. Tech execs like JD.com’s Liu Qiangdong and TCL’s Li Dongsheng were also on the attendee list, showing that China wanted this forum to be about more than just governments—it was about markets too. In the past week alone, Li met with the leaders of Singapore, Vietnam, New Zealand, Ecuador, and Kyrgyzstan. These back-to-back meetings were reported by Chinese state media, and they showed China is actively strengthening diplomatic ties at a time when its relationship with the US is still locked in tension. Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now
Newly unsealed court documents from bankrupt crypto lender Genesis allege that executives at its parent company, Digital Currency Group (DCG), knowingly ignored warning signs about the lender’s fragile state, while preparing for the legal fallout. The unredacted complaint, filed in the Delaware Court of Chancery and released publicly by the Genesis Litigation Oversight Committee (LOC), contains internal memos and emails indicating that DCG executives feared Genesis could be legally treated as their “alter ego.” DCG Ignored Red Flags While Extracting Value from Insolvent Genesis, Lawsuit Claims According to the filing , DCG’s Chief Financial Officer Michael Kraines raised alarm in a 2022 internal strategy memo. He posed a “war-gaming” scenario where creditors could pierce the corporate veil and hold DCG liable. In the memo, Kraines wrote: “Genesis is the puppet of DCG. It is 100% owned and controlled by DCG and does what DCG tells it to do.” He added that such control, along with undercapitalization, could trigger legal action from “deep pocketed creditors.” Source: Genesis The committee claims that this foresight did not prompt corrective action. Instead, internal documents reveal how DCG and its CEO Barry Silbert allegedly treated Genesis as a source of funds, referring to it as a “de facto treasury.” The complaint accuses DCG of extracting value from Genesis through insider loans and risky trades, even as the lender drifted toward insolvency. “Silbert and his insiders exploited Genesis for their own benefit,” said Philippe Selendy, counsel for the LOC. “Internal DCG and Genesis documents now provide more detail than ever seen before.” The filing points to multiple warning signs. Genesis’s loan book had tripled in size while, according to internal reports, the firm lacked proper risk controls. Its external auditor flagged “material weaknesses” as early as 2020. DCG reportedly formed a risk committee but delayed its first meeting for nine months. Kraines later joked that the delay “just got his future deposition easier.” Genesis insiders also described a “culture of submission,” claiming they were pressured to serve DCG’s interests. In one internal message from 2022, an employee wrote that Genesis was being “propped up” so DCG could “borrow while they could to get the cash out.” The complaint further alleges that Genesis misled the public after the collapse of Three Arrows Capital. Employees were instructed to follow pre-approved scripts, and Silbert himself amplified claims on social media that Genesis remained stable. The committee is also challenging two transactions as fraudulent. These include the issuance of a promissory note on June 30, 2022, and a roundtrip deal in September, both described as efforts to mask Genesis’s financial distress. Genesis is now seeking to recover more than $3.3 billion from DCG, Silbert, and others. The LOC, formed to represent Genesis creditors, said the complaint reveals a “deliberate scheme” that left customers behind while insiders extracted value. “These are not merely technical disputes over intercompany accounting,” the LOC said. “The level of coordination, secrecy, and callousness alleged is nothing short of breathtaking.” Genesis Pushes Forward with Lawsuits and Repayments Amid Ongoing DCG Legal Storm As the fallout from Genesis’ collapse continues, the bankrupt crypto lender is intensifying its legal campaign against its parent company, DCG, in a bid to recover billions for creditors. In Delaware, Genesis is pursuing a lawsuit to claw back over $2.2 billion in Bitcoin, Ethereum, and other crypto assets, aiming to redistribute the funds to its still-unpaid creditors. Genesis has sued its parent company, @DCGco , and CEO @BarrySilbert , accusing them of engineering insider transactions that drove the firm into bankruptcy. #DCG #Genesis https://t.co/MLcJoiZ3rI — Cryptonews.com (@cryptonews) May 20, 2025 A separate case, filed in the Southern District of New York, targets more than $1 billion in allegedly fraudulent transfers, including $450 million in crypto sent to DCG, and $297 million routed to its international arm. Genesis is also disputing $34 million in so-called “tax payments” it now calls illegitimate. Genesis’ financial troubles date back to the collapse of Three Arrows Capital, which triggered liquidity issues, later deepened by the FTX implosion. The company filed for Chapter 11 bankruptcy in January 2023 , listing over $3.5 billion in debt owed to major creditors like Gemini and VanEck. Although Genesis finalized a restructuring plan in August 2024, tensions with DCG remain. DCG had defaulted on over $620 million in debt , prompting Genesis to sue for full repayment, including 4,550 BTC. Progress has been slow but steady. By May 2024, Genesis had returned $2.18 billion to over 232,000 users, including through a pending $1.8 billion settlement with Gemini Earn participants. However, regulatory pressure mounts. The CFTC is pursuing Gemini over alleged violations, with trial set for January 2025 . Meanwhile, the SEC charged Genesis and DCG earlier this year with investor fraud, DCG has since agreed to pay a $38 million fine. The SEC has charged Genesis and Digital Currency Group for misleading investors about their financial health, resulting in a $38 million fine. #SEC #CryptoRegulations https://t.co/HAqe03QsWw — Cryptonews.com (@cryptonews) January 17, 2025 As legal battles unfold, Genesis continues its effort to recover and return funds, while its former parent, DCG, remains in the regulatory crosshairs. The post Genesis Collapse: DCG Execs Ignored Warnings, Foresaw Legal Threat—Now Facing ‘Alter Ego’ Lawsuit appeared first on Cryptonews .