Genesis files chapter 11

[Yugocean]

Populer Crypto lender and custody platform Genesis has filed Bankruptcy, now there are many questions like
What Gemini and others will do?
What DCG (Parent company of Genesis) will do?
What SEC will do (it filed another lawsuit)?

What do you think?

 

[Bisolami]

This is my first time hearing about him. I will try to check out the news to kmow about it.

Populer Crypto lender and custody platform Genesis has filed Bankruptcy, now there are many questions like
What Gemini and others will do?
What DCG (Parent company of Genesis) will do?
What SEC will do (it filed another lawsuit)?

What do you think?

View attachment 879

 

[Yugocean]

@Bisolami who him?
I did not mention any individual.

 

[eldavis]

Well i guess they would have to watch and see. When a company files chapter 11, it not only means they have accepted the fact that they have been bankrupt but it also means they are asking for time to recover.

 

[Yugocean]

Well i guess they would have to watch and see. When a company files chapter 11, it not only means they have accepted the fact that they have been bankrupt but it also means they are asking for time to recover.

Barry Silbert is also in a fix, now he have to fix this problem.

 

[nomad]

I have used Nexo and Nexo is still going strong. Thank god I did not use genesis