News > Crypto lender Genesis is preparing to file for bankruptcy within days

Crypto lender Genesis is preparing to file for bankruptcy within days

19/01/2023 08:56 PM | Click to read full article

Crypto lender Genesis is preparing to file for bankruptcy within days. Genesis, owned by the crypto conglomerate Digital Currency Group, is in the final stage of preparing paperwork before it files for chapter 11 protection. The crypto lender has been considering filing for bankruptcy for months and the firm laid off 30% of its staff earlier this month to “navigate unprecedented industry challenges,” a company spokesperson said.

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