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News & Articles By Roy Green
01/24/2023
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By Roy Green
Crypto lender Genesis seeks bankruptcy protection in last-ditch attempt to stay afloat
Cryptocurrency lender Genesis Global Capital is debt-ridden and scrounging for funds to avert total collapse. Saddled with liabilities that could go as high as $10 billion, it filed for Chapter 11 bankruptcy protection in Manhattan, New York on Jan. 19. The beleaguered crypto firm joined the growing list of digital currency businesses going under as […]
11/16/2022
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By Roy Green
Crypto lender BlockFi blocks withdrawals as FTX declares bankruptcy
The crumbling crypto industry has claimed another likely victim in BlockFi, a digital-asset lender worth $10 billion once, but is now barely functioning. With FTX announcing its plans to file for bankruptcy on Friday, Nov. 11, BlockFi announced via Twitter on the same day that it is “stopping client withdrawals” because of a “lack of clarity” […]
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