Bankrupt Crypto Lender Genesis Files Motion to Sell Assets
Current Market Prices and Market Caps
- Genesis Worlds: $0.00014205 per GENESIS USD, market cap: N/A
- Genesis: $239.00 USD, 24-hour trading volume: $2,725,423 USD
- Genesis Shards: $0.0009370 USD, 24-hour trading volume: $19,815 USD
Bankruptcy Filing and Sale Motion
Embattled crypto lender Genesis filed a motion on Friday requesting a US Judge to approve the sale of over $4.8 billion worth of assets as part of its Chapter 11 bankruptcy proceedings. The proposed sale includes Genesis's derivatives and spot trading business, loans receivable, and other assets.
Genesis, a subsidiary of Digital Currency Group (DCG), filed for bankruptcy protection in January after a liquidity crisis caused by the collapse of crypto exchange FTX and its affiliated hedge fund, Alameda Research.
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