The crypto lending unit of Digital Currency Group (DCG), Genesis Global Capital, is reportedly laying the groundwork for a bankruptcy filing as soon as this week. The company has been in confidential negotiations with various creditor groups amid a liquidity crunch. Warnings have already been issued that it may need to file for bankruptcy if […]
Another cryptocurrency lender is in the hot seat, under investigation by government authorities. This ‘loans’ group was not in the USA however. Just outside of China, Hodlnaut crypto-lending firm is under investigation by Singapore authorities for cheating and fraud. The commercial affairs department of Singapore Police is investigating the digital currency lender over […]
Genesis, a U.S. cryptocurrency brokerage, announced on Tuesday (29th November) that it was attempting to escape bankruptcy. This was after Bloomberg News reported that the company’s creditors were banding together with restructuring attorneys for the same goal. Genesis together with its lawyers is trying to come up with ways of escaping bankruptcy. A stark contrast […]
