Cryptocurrency Lender Genesis Files for Bankruptcy Months After FTX Collapse

Cryptocurrency Lender Genesis Files for Bankruptcy Months After FTX Collapse
(L) Andy Serwer and (R) Digital Currency Group CEO Barry Silbert attend the Yahoo Finance All Markets Summit: Crypto in New York on Feb. 7, 2018. Eugene Gologursky/Getty Images for Yahoo Finance/Oath
Katabella Roberts
Updated:
0:00

Cryptocurrency lender Genesis Global filed for bankruptcy on Jan. 19, making it the latest company to do so following the collapse of FTX in November.

The lender announced it had filed for Chapter 11 bankruptcy protection in a press release, stating that the move was part of “strategic actions to achieve a global resolution to maximize value for all clients and stakeholders and strengthen its business for the future.”

Katabella Roberts
Katabella Roberts
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Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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