Genesis Global Capital, one of the leading crypto lenders in the industry, filed for bankruptcy protection on January 19, 2023. Digital Currency Group is a wholly owned crypto lending company. The crypto lender decided to file for bankruptcy as it had ongoing problems after the third largest crypto exchange, FTX, filed for bankruptcy on November …
Will Genesis bankruptcy change the crypto lending business? Read More »
By Frances Yue Welcome back to the Distributed Ledger. This is Frances Yue, crypto reporter at MarketWatch. As crypto lender Genesis reportedly prepares to file for bankruptcy as early as this week, I spoke with David Siemer, CEO of Wave Financial Group, and Hany Rashwan, CEO of 21Shares, to discuss its potential impact. Meanwhile, the …
Crypto lender Genesis reported a total of $5.1 billion in liabilities shortly after it stopped its customers from withdrawing funds from the platform in November, according to the company’s bankruptcy filings. Genesis Global Holdco LLC and two of its credit subsidiaries, which filed for bankruptcy protection Thursday in New York, are the latest crypto firms …
Crypto lender Genesis has claimed $5.1 billion in liabilities since November Read More »