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The crypto winter has claimed a new victim. The Genesis platform has filed for bankruptcy, after failing to overcome the impact of the FTX crash. Genesis did not take long to announce that its viability was very affected and now, a couple of months later, the news has finally been confirmed. Genesis and two of its subsidiaries were among the largest lenders in the crypto sector and have hundreds of workers. In their presentation it was estimated that they had between 1,000 and 10,000 million dollars in assets, with more than 100,000 clients. According to the bankruptcy file they have
The past week will be remembered for the continued growth of Bitcoin, the bankruptcy of Genesis Global Capital and the arrest of the head of the Bitzlato platform. Cryptons, delighted with the activity on the market, joked and posted memes, and all the best, relevant and funny got into our…
Crypto exchange Gemini is preparing to file a lawsuit against the parent company of Genesis Global Capital – Digital Currency Group (DCG) – and its head Barry Silbert, Cameron Winklevoss, one of the founders of Gemini, said. “We are preparing to take direct legal action against Barry, DCG and others…