Leaked report exposes Genesis begged investors $1B emergency loan

Genesis, a cryptocurrency lending Company, reportedly asked investors for a $1 billion emergency loan before informing its clients this week that redemptions would be halted. The Wall Street Journal revealed that the private fundraising document specified a “liquidity crunch due to certain illiquid assets on its balance sheet,” and that the Company required access to … Leaked report exposes Genesis begged investors $1B emergency loan Read More »