Crypto lender Genesis preparing to file for bankruptcy

Crypto Lender Genesis Files For Bankruptcy: Here Are The Companies That Have Collapsed So Far

With the industry facing a “crypto winter” many crypto companies, from exchanges to hedge funds, have had to deal with the fallout.

Crypto lender Genesis files for bankruptcy, and bitcoin reclaims $21,000 level: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Aaron Kaplan of Prometheum explains the fallout from Genesis' bankruptcy, and Joe Lau of Alchemy shares details from the company's Q4 2022 report on web3 development.

Crypto lender Genesis files for Chapter 11 bankruptcy

Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry.

Crypto firm Genesis begins bankruptcy proceedings

Crypto company Genesis has begun bankruptcy proceedings after ongoing payment problems in the wake of the collapse of crypto exchange FTX. The company is trying to raise money by selling assets, court documents state.

Crypto lender Genesis files for bankruptcy

The cryptocurrency lender’s collapse is the latest blow to the sector.

Genesis considers filing for bankruptcy as it struggles to raise new funds

The company, which is a subsidiary of Barry Silbert’s Digital Currency Group, reportedly owes creditors $3 billion.