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Another Day Another Bankruptcy: Genesis to wind up its bankruptcy by May

roseberryroseberry Posts: 15
Cameron Winklevoss threatens Genesis to sue them for not paying $900m
Genesis plans to end its bankruptcy in the 4 months

Genesis, which filed for bankruptcy today, was in dispute with Gemini exchange. As per the exchange, Genesis owes nearly $900 million to Gemini customers due to its lending product, Earn. While Genesis filed for bankruptcy today it claimed that the first’s liabilities and assets are nearly $1 billion to $10 billion along with 100,000 creditors. The Genesis Global Holdco bankruptcy was followed by its lead business associates, Genesis Global Capital and Genesis Asia Pacific.

Source Coinpedia


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