Crypto Lender Genesis Chapter 11 Bankruptcy – Bitcoin Magazine

Crypto Lender Genesis Chapter 11 Bankruptcy – Bitcoin Magazine

January 21, 2023 by secret
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[ad_1] Genesis’s two lending subsidiaries, Genesis Global Capital and Genesis Asia Pacific, have filed for Chapter 11 bankruptcy. According to the announcement, the firm aims to enact “a global resolution to maximize value for all clients and stakeholders and strengthen its business for the future.” In November 2022, Genesis Global Capital halted their operations, freezing