Crypto lender Genesis is preparing to file for bankruptcy within days

wsj

1 min read . Updated: 19 Jan 2023, 06:07 PM IST Akiko Matsuda, The Wall Street Journal

Genesis is one of many digital asset firms that are struggling to survive since digital currency prices fell last year (Photo: Reuters) — Genesis is one of many digital asset firms that are struggling to survive since digital currency prices fell last year (Photo: Reuters)

Genesis has suffered steep losses from loans it extended to failed crypto firms Alameda Research and Three Arrows Capital

Crypto lender Genesis Global Trading Inc. is preparing to file for bankruptcy within days, according to people familiar with the matter.