Crypto brokerage Genesis is reportedly warning of bankruptcy without new funding, following liquidity crunch triggered by FTX collapse

Crypto brokerage Genesis is reportedly warning of bankruptcy without new funding, following liquidity crunch triggered by FTX collapse

Upworthy

Published

(Photo illustration by Jonathan Raa/NurPhoto via Getty Images) Genesis is warning potential investors it may need to file for bankruptcy if it's unable to raise funding for its lending unit, Bloomberg reported. The crypto brokerage has been seeking at least $1 billion in fresh capital, said the…

#jonathanraa #genesis #bankruptcy #raa #lendingunit #jonathan #getty #filebankruptcy #file #ftx

Full Article