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.
Genesis executives spent weekend seeking to line up financing · Genesis lending unit suspended withdrawals after FTX collapse.
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 ...
Speculation over the contagion effects of the FTX bankruptcy has been brewing for days. Negative reports around the crypto broker Genesis are intensifying.
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 ...
Crypto broker Genesis Global has reportedly approached Binance for a fresh cash injection, but the crypto exchange decided to pass.
The lender is reported to have been rebuffed in its attempts to raise investment following a flood of withdrawals.
The firm has been under pressure from its creditors since the crypto exchange FTX began to unravel this month.
Separately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
Venture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes US$575 million to Genesis' ...
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 ...
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 ...
Speculation over the contagion effects of the FTX bankruptcy has been brewing for days. Negative reports around the crypto broker Genesis are intensifying.