Bitcoin (BTC) $63,366.77 -1.55%
Ethereum (ETH) $1,772.19 -2.30%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 80.784474 -2.33%
Cardano (ADA) $0.17 -5.92%
Chainlink (LINK) $7.85 -2.85%
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Polygon (MATIC) 0.25693 2.45%
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Dogecoin (DOGE) $0.00 -0.47%

Cryptocurrencies: 29397

Markets: 112511

Market Cap: $2,183,204,201,512

24h Vol: $73,426,595,011

CoinGape

2022-11-30 07:39:00

Genesis Bankruptcy: Crypto Brokerage Could Be Next After BlockFi

Genesis Bankruptcy: Crypto Brokerage Could Be Next After BlockFi

Troubled crypto brokerage firm Genesis Global Trading’s creditors have hired restructuring lawyers to prevent the firm from filing for bankruptcy. Genesis currently seeks $500 million in emergency funding from investors and crypto firms after facing trouble raising $1 billion in funds. BlockFi filing bankruptcy has worsened sentiments in the crypto market. Genesis Creditors Put Efforts The post Genesis Bankruptcy: Crypto Brokerage Could Be Next After BlockFi appeared first on CoinGape .

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