Crypto lending unit of Genesis files for U.S. bankruptcy
Summary by CTV News
The lending unit of crypto firm Genesis filed on Thursday for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi.
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Times of India
Crypto lender Genesis files for bankruptcy as crisis spreads
A cryptocurrency lender, Genesis Global Capital, filed for bankruptcy on Thursday. The company listed the same range for estimated assets and liabilities, $1 billion to $10 billion. The parent company, Digital Currency Group, had been in confidential negotiations with various creditor groups amid a liquidity crunch, and Genesis had warned that it may need to file for bankruptcy if it fails to raise cash.
Crypto lending unit of Genesis files for U.S. bankruptcy
The lending unit of crypto firm Genesis filed on Thursday for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi.
Crypto lending unit of Genesis files for U.S. bankruptcy
The lending unit of crypto firm Genesis filed on Thursday for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi. (Reporting by Tom Hals in Wilmington, Delaware and Akanksha Khushi; Editing by Leslie...
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. Genesis Global Holdco LLC and two of