Not long ago, Live reported that Genesis Global Capital – the lending division of the Digital Currency Group (DCG) – was preparing for bankruptcy. While it looked like the situation was inevitable, it was believed that there was potentially a small chance that the company was going to be able to survive its present ordeal. Sadly, it doesn’t look like that’s going to happen now as the firm has proceeded with its bankruptcy filing. Genesis Files Bankruptcy The company explained in a recent statement: Genesis has now commenced a court-supervised restructuring process to further advance these discussions and reach a
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.…
IRS & SEC get listed as creditors in the bankruptcy filing by Genesis Genesis has filed for bankruptcy protection naming several credits in the court document. While some names have been redacted, the documents reveal a few names that can be referred to get an idea about the creditors. Reportedly,…