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CryptoNewsZ
2023-01-20 11:35:26

Genesis’ crypto lending businesses file for Chapter 11 Bankruptcy Protection

Genesis’ crypto lending businesses file for Chapter 11 Bankruptcy Protection

Genesis, along with its 2 subsidiaries, filed for Chapter 11 bankruptcy protection last Thursday following the collapse of FTX and Three Arrows Capital. The application has been filed by Genesis Global Holdco, Genesis Asia Pacific Pte, and Genesis Global Capital, seeking a joint administration of the case. Genesis Global Capital has estimated over 100,000 creditors …

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