Genesis, a crypto lender, has filed for bankruptcy protection with over 100,000 creditors. According to a bankruptcy filing published late Thursday night, its sister exchange Gemini has several significant creditors. Trading titan Cumberland, along with Mirana, MoonAlpha Finance and VanEck’s New Finance Income Fund are among the 50 largest of Genesis’ creditors. The End for […]
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 […]
Recently, the crypto broker Genesis announced a massive layoff of roughly 30% of the company’s workforce. Since November, the exchange is facing serious economical issues. Following the collapse of FTX, Genesis went through several issues, to the point of pondering bankruptcy. In a statement issued to The Wall Street Journal, a Genesis spokesperson talked about […]
