Cryptocurrency lending company Genesis has filed for bankruptcy
Tradehay.com: 20/01/2023 - 07:18
Cryptocurrency lending company Genesis has filed for bankruptcy. CNBC said:
• Genesis Trading has filed for bankruptcy protection after suffering heavy losses due to the collapse of FTX and hedge fund Three Arrows Capital.
• The filing comes after months of speculation about whether Genesis would be covered by bankruptcy protection and just days after the Securities and Exchange Commission filed a lawsuit against Genesis and its one-time partner, Gemini, regarding the offering and sale of unregistered securities.
BTCUSD did not have much volatility before this unexpected news
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