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cryptonews

2022-11-18 13:10:00

Troubled Crypto Firm Genesis Sought $1 Billion Emergency Loan Before Suspending Withdrawals – This is What Happened

Troubled Crypto Firm Genesis Sought $1 Billion Emergency Loan Before Suspending Withdrawals – This is What Happened

The troubled crypto lending and trading firm Genesis had sought an emergency loan of $1bn before closing redemptions for clients earlier this week. Details about the emergency loan sought by Genesis was shared by the Wall Street Journal on Thursday, with the newspaper citing a confidential fundraising document as saying that Genesis needed the 1$bn loan by 10 AM last Monday.... Read More: Troubled Crypto Firm Genesis Sought $1 Billion Emergency Loan Before Suspending Withdrawals – This is What Happened

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