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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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