Crypto Lending Firm Genesis Is All Set to File Bankruptcy

It’s happened again, folks. Another bankruptcy is in the crypto books. This time, the company that’s falling victim to alleged bankruptcy proceedings is Genesis, the crypto lending unit of the Digital Currency Group that has worked heavily with Gemini, a crypto exchange in New York run by the Winklevoss Twins. It Looks Like Genesis Will File for Bankruptcy The company is complaining of a “liquidity crunch” in recent posts. Does that sound familiar? If not, it should. This is exactly what Sam Bankman-Fried complained about before FTX went down the tubes, suggesting that perhaps Genesis might have had some tricks

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Author: NixCoin