Bitcoin (BTC) $108,979.46 0.75%
Ethereum (ETH) $2,561.27 1.82%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 151.721096 2.52%
Cardano (ADA) $0.59 2.74%
Chainlink (LINK) $13.46 2.31%
Litecoin (LTC) $88.26 2.02%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 2.255199 2.00%
Dash (DASH) $20.13 1.51%
X-CASH (XCASH) 3.0E-6 2.01%
Dogecoin (DOGE) $0.00 3.25%

Cryptocurrencies: 26585

Markets: 104250

Market Cap: $3,363,512,843,742

24h Vol: $68,523,822,230

Coin Edition

2023-01-06 11:32:00

FTX Tremor Continues: Genesis Considers Filling for Bankruptcy

FTX Tremor Continues: Genesis Considers Filling for Bankruptcy

Genesis Trading, the beleaguered crypto lending arm of Barry Silbert’s Digital Currency Group (DCG), recently reduced its workforce by 30% as it faces mounting pressure from creditors and the threat of Chapter 11 bankruptcy. The firm reportedly suffered steep losses on loans it provided to now-bankrupt companies, including Alameda Research and 3AC. Moreover, DGC also The post FTX Tremor Continues: Genesis Considers Filling for Bankruptcy appeared first on Coin Edition .

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