❗️Genesis filed for Chapter 11 bankruptcy

Genesis owes more than $3.5 billion to the fifty largest creditors
Pursuant to Article 11, the company shall not cease to operate, but shall endeavor to reorganize and continue its operations,
at the same time, the creditors will receive everything, and the clients should count on compensation from the remaining funds.

The insider was right!

#Genesis #cryptonews #bankruptcy

🏦Goldman Sachs has acquired assets of the bankrupt Silicon Valley Bank (SVB)
#GoldmanSachs #SiliconValleyBank #bankruptcy #acquisition

The former CEO of Silicon Valley Bank, who ran it during its collapse, was spotted in Hawaii while his former colleagues are trying to pick up the pieces of the financial institution. This guy had sold his shares for $3.57 million before the bank's collapse.

#SiliconValleyBank #bankruptcy #formerCEO #Hawaii #financialtroubles #shares

Top crypto news - evening selection ☀️

⚡️Binance exchanges BUSD for TUSD and USDT

⚡️Silicon Valley Bank files for bankruptcy

⚡️Coingecko publishes a report on the top 30 cryptocurrency exchanges

⚡️Ripple partners with Web3 venture fund "BFF"

#crypto #cryptonews #Binance #BUSD #TUSD #USDT #SiliconValleyBank #bankruptcy #Coingecko #cryptocurrencyexchanges #Ripple #Web3 #partnership #BFF #finance #cryptocurrencies

💰 OKX announced that it will transfer about $157 million in frozen assets related to FTX and Alameda Research to the creditors in response to a request filed as part of FTX's bankruptcy proceedings.

#OKX #FTX #AlamedaResearch #bankruptcy #cryptocurrencies #cryptonews

🏦 Regulators in the United States announced that First Republic Bank has been seized and an agreement has been reached for the sale to JPMorgan Chase & Co.

🔸 This is the third major US institution to go bankrupt in two months.

#regulation #banks #FirstRepublicBank #JPMorganChase #bankruptcy #economy