Bankrupt Crypto Lender Genesis Claims $5.1B in Liabilities
Crypto lending agency Genesis held $5.1 billion in liabilities within the weeks following its freeze on withdrawals final November, in line with court docket paperwork signed by interim CEO Derar Islim. This comes as three of the institutional crypto brokerage’s entities filed for Chapter 11 safety late Thursday. “The Hash” panel discusses the newest in Genesis’ chapter. DCG is the dad or mum firm of CoinDesk and Genesis.