Genesis Files for Bankruptcy with U.S. Bankruptcy Court
Genesis Global Capital proposes bankruptcy, aiming to liquidate $1.6 billion in trust assets, including substantial holdings in Grayscale Bitcoin Trust, Grayscale Ethereum Trust, and Grayscale Ethereum Classic Trust.Genesis suggests filing for bankruptcyGenesis Global Capital, a crypto lending firm, has submitted a new request to the U.S. Bankruptcy Court in the Southern District of New York, seeking approval to liquidate around $1.6 billion in trust assets.According to the filing, Genesis, a su
Genesis Global Capital proposes bankruptcy, aiming to liquidate $1.6 billion in trust assets.
Genesis Global Capital, a crypto lending firm, has submitted a new request to the U.S. Bankruptcy Court in the Southern District of New York, seeking approval to liquidate around $1.6 billion in trust assets.According to the filing, Genesis, a subsidiary of the Digital Currency Group, holds assets including approximately $1.4 billion in Grayscale Bitcoin Trust shares, about $165 million in Grayscale Ethereum Trust shares, and approximately $38 million in Grayscale Ethereum Classic Trust shares.A
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