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A series of headlines have hit Bloomberg about crypto lender Genesis. First, the company, which filed for Chapter 11 bankruptcy protection last night, plans to exit by May 19.
Here are the other headlines: GENESIS CREDITORS TO GET EQUITY IN FIRM IF NO SALE CONSUMMATED GENESIS SEEKS BIDS FOR SUBSTANTIALLY ALL ASSETS BY APRIL 14 Crypto lender Genesis Global Holdco LLC and two of its lending subsidiaries filed Thursday night for Chapter 11 bankruptcy protection in New York. Genesis Global is the latest firm to fold following last year’s implosion of the crypto hedge fund Three […]
Article Source: www.zerohedge.com
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