Cryptocurrency OTC platform Genesis Trading is preparing to begin bankruptcy proceedings. The media expect that the company will file a corresponding application by the end of this week. Bloomberg, citing its own sources, said Genesis’s Form 11 “Protection against Creditor Claims Pending Restructuring” application would be a logical step after the termination of payments to customers and large-scale layoffs. Also appeared in The Block yesterday publication that the top managers of the company are negotiating possible bankruptcy. In August, Genesis announced that it was going to cut the staff, which consisted of 260 people, by 20%. CEO Michael Moreau also
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Author: NixCoin