Genesis Global Trading has announced the filing for chapter 11 bankruptcy

Genesis Global Holdco LLC, the parent company of troubled cryptocurrency lender Genesis Global Capital, filed for Chapter 11 bankruptcy protection after being hit by two of 2022's biggest industry collapses. Genesis owes over $3.5B to its top 50 creditors, among which include Gemini, Cumberland, Decentraland, Mirana, MoonAlpha Finance and VanEck’s New Finance Income Fund, according to the bankruptcy filing.

👉🏻 coindesk.com/business/2023/01/20/genesis-global-files-for-bankruptcy-protection/

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