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Cryptocurrencies: 26307
Markets: 103788
Market Cap: $3,243,668,241,616     
24h Vol: $147,397,847,100
Bitcoin.com 2023-01-20 14:00:21

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit

Crypto Lender Genesis Files for Bankruptcy Following SEC Lawsuit
Crypto lender Genesis, a subsidiary of Digital Currency Group (DCG), has filed for Chapter 11 bankruptcy. The filing followed a lawsuit brought by the U.S. Securities and Exchange Commission (SEC). Genesis claims to have “ample liquidity to support its ongoing business operations and facilitate the restructuring process.” Genesis’ Bankruptcy Filing Genesis Global Holdco LLC, a
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