Crypto contagion claims Genesis
The crypto world is a land of confusion. Lender Genesis filed for Chapter 11 bankruptcy protection late Thursday. The filing follows months of speculation over whether Genesis would file for bankruptcy. The lender is a key part of Barry Silbert’s Digital Currency Group, which has fallen under increasing pressure since the collapse of Three Arrows Capital and Sam Bankman-Fried’s empire, including Alameda Research and FTX. Genesis listed over 100,000 creditors, with liabilities ranging from $1.2 billion to $11 billion, according to bankruptcy documents.$SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment