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Crypto firm Genesis warns of bankruptcy if it does not get new funding

Eamonn Sheridan
21/11/2022 | 21:48 GMT

Its been tough times for crypto firms since FTX went down the toilet.

On this one, the early warning signs were around:

  • Social media chatter that Digital Currency Group owes US$1.1 bn to Genesis

And, even earlier, from last week:

  • Wall Street Journal reports that crypto lender Genesis had sought emergency loan of US$1bn
bailout 28 July 2022

Leading coin Bitcoin has been on the soft side through all of it. Its circa US$15600 as I update

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