Filling the Gap: Two Prime's Responsible Secured Loans for Institutions

According to Blume, after the fall of Genesis, BlockFi, Celsius, and others, there is a major gap in the market for responsibly managed secured loans for institutions. Two Prime is well-positioned to fill this gap. Blume emphasized that Two Prime is focused on serving institutional borrowers.

Digital Currency Group (DCG) has announced that it has hired Barry Berke, one of the top attorneys in the U.S., to defend against a civil lawsuit filed by New York Attorney General Letitia James. This move comes in response to a lawsuit accusing DCG, Gemini, and Genesis of failing to disclose the risks of a crypto-lending program, resulting in alleged customer fraud amounting to $1.1 billion.

A recent lawsuit has alleged that Genesis, a prominent digital asset company, has taken actions that have harmed Earn users and impeded their recovery of digital assets. The lawsuit claims that it is crucial to address these issues promptly to allow Genesis to proceed with a reasonable plan of reorganization and enable Gemini to distribute the collateral proceeds to Earn users.