Genesis is planning to file for bankruptcy: Report

Cryptocurrency lending firm Genesis Global Capital, a subsidiary of crypto conglomerate Digital Currency Group, is reportedly preparing to file for bankruptcy as early as this week.

it was considering a bankruptcy filing if it were unable to raise cash amid a liquidity crunch — a situation similar to that preceding crypto exchange FTX’s Chapter 11 filing in November. Citing people with knowledge of the situation, Bloomberg reported Genesis could file for bankruptcy as soon as this week.

Is time for my favorite AI to explode big time $RLC to $5 🤪

So big a magnifying glass is needed huh 🤔

LOL questionable art 😂🔍

Waiting for dcg to go bankrupt

Who at Cointelegraph wanted to use this picture? 🤣🤣🤣

:/

We didn't ask

Not goood for the GREATER GOOD

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