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, Bloomberg reported, citing people...
Tag: genesis-trading
Genesis Trading says derivatives arm has $175 million locked up in FTX account
Genesis Trading revealed late Thursday that its derivatives business has exposure to FTX amid the crypto exchange’s ongoing collapse. “As part of our goal in providing transparency a...
Genesis, Crypto.com latest companies to distance themselves from FTX crisis
Crypto trading and lending firm Genesis Trading and wallet provider Crypto.com are among the latest companies to distance themselves from the FTX liquidity crisis. The two firms took to Twitter ...
Crypto firm Genesis loses its chief risk officer: CoinDesk
Michael Patchen, chief risk officer for crypto broker and lender Genesis, has left the firm after only three months on the job. Patchen’s departure was reported by CoinDesk and Bloomberg. His Li...