🌝 FTX spin-off, or how is Genesis doing? (www.reddit.com)

The position of the largest cryptocurrency lender Genesis, a subsidiary of Digital Currency Group and one of the strongest players in the market, was greatly shaken after the collapse of FTX 📈

➖ Ahead of withdrawal suspension, Genesis requested investors have a $1 billion emergency loan.

➖ Genesis turned to Binance and Apollo for help. Binance refused, Apollo – silent.

➖ There followed a series of rumors about the possible bankruptcy of Genesis, in companies denied it.

➖ Genesis has hired a crisis manager to conduct a debt restructuring expert from Moelis & Company.

Follow the developments 👀


submitted by /u/MINE_exchange

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