Poor cryptocurrency valuations and continued fallout from FTX's downfall left Genesis unable to pay its creditors.
Reserve the next gen Samsung device
All you need to do is sign up with your email and boom: credit for your preorder on a new Samsung device.While Genesis, like just about every other company in the crypto space, struggled to adapt to worsening cryptocurrency valuations and diminished consumer trust, the public response to FTX’s implosion likely accelerated the company’ downfall. FTX’s death spiral sparked a new wave of crypto customers sprinting to withdraw their funds.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto lender Genesis latest to file for bankruptcy as crypto contagion continues to spreadThe firm is the latest domino to fall amid an ongoing crypto rout, saying it has as much as $10 billion in liabilities.
Read more »
Crypto lender Genesis preparing to file for bankruptcy - Bloomberg NewsCryptocurrency lender Genesis Global Capital is planning to file for bankruptcy as soon as this week, Bloomberg News reported on Wednesday, citing people with knowledge of the situation.
Read more »
Crypto lender Genesis plans to file for bankruptcy as early as this week: reportCrypto lender Genesis Global Capital is reportedly preparing to file for bankruptcy as early as this week, according to a Bloomberg article Wednesday.
Read more »
Crypto lender Genesis eyes bankruptcy filing as soon as this week: reportCrypto lender Genesis is reportedly preparing to file for bankruptcy as soon as this week
Read more »
Crypto Lender Genesis Is Preparing to File for Bankruptcy Within DaysBreaking: Crypto lender Genesis Global Capital is preparing to file for bankruptcy within days, people familiar with the matter say
Read more »
Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empireGenesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.
Read more »