in wake of the collapse of crypto exchange FTX, Genesis Global Trading has mentioned bankruptcy as a potential option as it seeks fresh capital, reports Bloomberg citing people with knowledge of the matter
The news sent bitcoin to fresh two-year low of $15,480. The price has bounced back to $15,650 as of press time. "We have no plans to file bankruptcy imminently," a Genesis representative told Bloomberg."Our goal is to resolve the current situation consensually without the need for any bankruptcy filing. Genesis continues to have constructive conversations with creditors."
SteveAlpher Don't believe anyone in the crypto world
SteveAlpher Decentralize Everything via internetcomputer. The REAL world computer.
SteveAlpher Make profit on every trade with my daily signal, I give future signals with about 80% to 790%+ profit in return, join me now on telegram 👉👉
SteveAlpher
SteveAlpher Tell them to get a side hustle and invest in crypto.
SteveAlpher Damn everybody had their articles ready to drop at once from Bloomberg to coinbozo.... I guess we want that capitulation candle, eh?
SteveAlpher MarioNawfal
SteveAlpher
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: axios - 🏆 302. / 63 Read more »