Genesis Global Capital’s crypto lending arm paused withdrawals and new loans last week as the company faced extreme market conditions post FTX’s collapse.
According to the New York Times, the company has hired Moelis & Co to explore future options for the business including a potential bankruptcy.
As per recent data, Genesis Global Capital reported $2.8B in active loans for Q3 2022.
Genesis is one among many suffering from the collapse of FTX and its cascading effects on the crypto industry.
This is a developing story and will be updated.
This article originally appeared on The Tokenist.
Smart Investors Are Quietly Loading Up on These “Dividend Legends”
If you want your portfolio to pay you cash like clockwork, it’s time to stop blindly following conventional wisdom like relying on Dividend Aristocrats. There’s a better option, and we want to show you. We’re offering a brand-new report on 2 stocks we believe offer the rare combination of a high dividend yield and significant stock appreciation upside. If you’re tired of feeling one step behind in this market, this free report is a must-read for you.
Click here to download your FREE copy of “2 Dividend Legends to Hold Forever” and start improving your portfolio today.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
