Genesis

2022 - 11 - 22

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Image courtesy of "The Straits Times"

Crypto brokerage Genesis warns of bankruptcy without funding (The Straits Times)

It is struggling to raise fresh cash for its lending unit, and warning potential investors that it may need to file for bankruptcy if its efforts fail.

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Image courtesy of "Bloomberg"

Crypto Brokerage Genesis Is Said to Warn of Bankruptcy Without ... (Bloomberg)

Genesis executives spent weekend seeking to line up financing · Genesis lending unit suspended withdrawals after FTX collapse.

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Image courtesy of "TechCrunch"

Crypto firm Genesis says it has 'no plans to file bankruptcy imminently' (TechCrunch)

Genesis, a digital assets financial services firm, may be in hot water as it looks to raise fresh capital for its lending unit or potentially face ...

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Image courtesy of "finews.com"

Will Genesis be the Next Crypto Domino to Fall? (finews.com)

Speculation over the contagion effects of the FTX bankruptcy has been brewing for days. Negative reports around the crypto broker Genesis are intensifying.

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Image courtesy of "Livemint"

Is crypto brokerage Genesis next in cue to go bankrupt? | Mint (Livemint)

Genesis has been active in updating its relationship with FTX in the past few days when Alameda's balance sheet was in question and FTT tokens were ...

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Image courtesy of "Decrypt"

Binance Cites Conflict of Interest for Passing on Genesis Investment ... (Decrypt)

Crypto broker Genesis Global has reportedly approached Binance for a fresh cash injection, but the crypto exchange decided to pass.

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Image courtesy of "Barron's"

Genesis Seeks Funds as FTX Fallout Disrupts Crypto Market (Barron's)

The lender is reported to have been rebuffed in its attempts to raise investment following a flood of withdrawals.

Genesis, the Troubled Crypto Lender, Hires a Restructuring Adviser (The New York Times)

The firm has been under pressure from its creditors since the crypto exchange FTX began to unravel this month.

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Image courtesy of "Coindesk"

Genesis Global Capital Has Hired Investment Bank Moelis to ... (Coindesk)

Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.

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Image courtesy of "CNA"

Digital Currency Group owes US$575 million to Genesis Trading's ... (CNA)

Venture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes US$575 million to Genesis' ...

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Image courtesy of "Bloomberg"

Genesis Balance Sheet Reveals Web of Loans Across Silbert Empire (Bloomberg)

The troubled brokerage Genesis Global has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its lending made to related parties ...

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Image courtesy of "Investopedia"

FTX Contagion: Genesis Is On The Brink of Collapse As It Struggles ... (Investopedia)

Cryptocurrency brokerage firm Genesis, which is seeking at least $1 billion in fresh capital, warned on Nov. 21 that it might file for bankruptcy without ...

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Image courtesy of "finews.asia"

Will Genesis be the Next Crypto Domino to Fall? (finews.asia)

Speculation over the contagion effects of the FTX bankruptcy has been brewing for days. Negative reports around the crypto broker Genesis are intensifying.

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