Crypto brokerage Genesis files for bankruptcy ...News

The collapse of the FTX exchange in late 2022 was the final nail in the coffin for the firm’s crypto lending business Crypto lender Genesis, an industry pioneer and digital currency prime brokerage, filed for US bankruptcy protection from creditors late on Thursday. It is the third major collapse to hit the crypto industry since last year. Genesis Global Holdco, and its subsidiaries Genesis Asia Pacific Pte and Genesis Global Capital filed three separate petitions in Manhattan federal court. All three fall under the umbrella of Digital Currency Group (DCG) which also owns crypto news outlet CoinDesk. The three com

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