Genesis seeks court approval to liquidate $1.6 billion in Grayscale Trust assets amidst bankruptcy, aiming to mitigate risks and maximize creditor returns amid market volatility.
BrianTroubled crypto lender Genesis is reportedly confident that it could emerge from its bankruptcy proceedings...
dailyhodlGenesis creditors are cautiously optimistic that they will soon reach consensus with the lender to reimburse at least $3.4 billion in frozen customers.
BeincryptoGenesis was still talking to creditors and its plans may change, the report said.
OthersBankruptcy may be inevitable if a bailout cannot be secured.
BeincryptoSeparately, the CEO of Genesis' parent company disclosed that it had a roughly $575 million liability to Genesis.
CoindeskThe troubled crypto investment bank is in talks with potential investors for at least $1 billion in fresh capital, according to a Bloomberg report.
CoindeskGenesis has spent the past several days seeking at least US$1 billion (S$1.4 billion) in fresh capital.
Others“There will be no transaction with FTX, I think that is quite obvious,” Voyager's attorney said at a hearing on Tuesday.
Coinlive