Genesis Joins the Crypto Lender Graveyard With Chapter 11 Bankruptcy Filing

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Genesis Joins the Crypto Lender Graveyard With Chapter 11 Bankruptcy Filing
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Poor cryptocurrency valuations and continued fallout from FTX's downfall left Genesis unable to pay its creditors.

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All you need to do is sign up with your email and boom: credit for your preorder on a new Samsung device.While Genesis, like just about every other company in the crypto space, struggled to adapt to worsening cryptocurrency valuations and diminished consumer trust, the public response to FTX’s implosion likely accelerated the company’ downfall. FTX’s death spiral sparked a new wave of crypto customers sprinting to withdraw their funds.

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