Report: Crypto lender Genesis hires restructuring adviser


The Genesis website on a laptop. Genesis has not yet made a final decision on bankruptcy and it was still possible to be averted, NYT says. - Bloomberg

NEW YORK: Troubled cryptocurrency lender Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, the New York Times reported on Tuesday citing three people familiar with the matter.

The company has not yet made a final decision on bankruptcy and it was still possible to be averted, the NYT added.

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Genesis , FTX , Moelis , bankruptcy

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