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Genesis warns of bankruptcy without new funding - Unusual Whales

Crypto Firm Genesis Said to Warn of Bankruptcy Without Funds (3)

WASHINGTON – Digital asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it is warning potential investors that it may need to file for

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Genesis is having a hard time raising cash for its lending unit, and it is warning potential investors it could possibly file for bankruptcy if it is unable to do so

Without an influx of fresh funding, Genesis is on the brink of bankruptcy according to a new Bloomberg report. People close to the matter have revealed that the

Digital-asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and it’s warning potential investors that it may need to file for bankruptcy if its

Genesis Has Faced A Liquidity

Genesis Warns of Possible Bankruptcy Without Fresh Funding

Crypto brokerage Genesis warns of bankruptcy without funding

Genesis has faced a liquidity issue post FTX, and is looking for 1 billion in capital. Binance had been tapped, but did not comment and did not provide funding. “We have no plans to file

Genesis Warns Bankruptcy to Come Without New Funding

Genesis warns of possible bankruptcy without funding: Bloomberg

Crypto brokerage Genesis is reportedly warning of bankruptcy

We Have No Plans To

Digital asset brokerage Genesis is struggling to raise fresh cash for its lending unit, and the firm has warned potential investors that it may need to file for bankruptcy

“We have no plans to file bankruptcy imminently,” a Genesis spokesperson said in an emailed statement to Bloomberg. “Our goal is to resolve the current situation consensually without the

Genesis Warns of Bankruptcy Without $1B Funding

Genesis Is Warning Potential Investors

Genesis is warning potential investors it may need to file for bankruptcy if it's unable to raise funding for its lending unit, Bloomberg reported. The crypto brokerage has