Genesis attempts to recover amid the crisis in the crypto world

Despite the constant shake-ups, many investors are still willing to bet on the crypto sector, and while Genesis is facing customer flight, it is organizing to fix its corporate accounts and rebound. Digital Currency Group (DCG) is attempting to bail out Genesis, its own brokerage subsidiary, so as to avoid the aftermath of the postponement requiring the immediate repayment of a $350 million loan to Todd Boehly’s Eldridge finance company in the event of the company’s bankruptcy.  In the meantime, Genesis is running for cover following the recent failure of fellow FTX by suspending withdrawals and has approached Moelis, a