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coinpedia
2023-01-19 01:22:58

Crypto Lender Genesis Global Capital Set to File for Bankruptcy

Crypto Lender Genesis Global Capital Set to File for Bankruptcy

The post Crypto Lender Genesis Global Capital Set to File for Bankruptcy appeared first on Coinpedia Fintech News According to Bloomberg reports, Genesis Global Capital, a cryptocurrency lender, may take the drastic step of filing for bankruptcy. The move comes as no surprise, as the company has been in dire straits since November 16th, when it froze customer redemptions following the collapse of major cryptocurrency exchange FTX. Genesis Global Capital’s creditors, which include …

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