Genesis Files for Chapter 11 Bankruptcy

Blockchain 

Cryptocoins News / Blockchain  28 Views


Genesis has estimated assets and liabilities of $1 billion to $10 billion. The company is considering a "dual track procedure" to sell, raise funds, or equitize. After FTX and other crypto-exchanges collapsed, the business halted withdrawals in November 2022. Genesis' parent firm DCG may sell part of its $500 million venture capital portfolio to cover its obligations. (Read More)
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