Crypto Lender Genesis Files For Bankruptcy: Here Are The Companies That Have Collapsed So Far

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With the industry facing a “crypto winter” many crypto companies, from exchanges to hedge funds, have had to deal with the fallout.

Hodlnaut, a Singapore-based crypto lender, pauses its withdrawal, token swaps and deposits citing “market conditions,” and several days laterVoyager Digital, a crypto broker, files for Chapter 11 following a $660 million dollar default from Three Arrows Capital, a crypto hedge fund, pausing withdrawals days before going bankrupt, and now owes $1.3 billion across its 100,000 creditors.

Three Arrows Capital , a Singapore-based crypto hedge fund managing close to $10 billion in assets, files for Chapter 15 bankruptcy to seek protection from creditors following the collapse of popular cryptocurrency TerraUSD, in which 3AC had a significant investment in.TerraLabs, a popular blockchain with its cryptocurrency TerraUSD pegged by the U.S.

 

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Q mala suerte

Yet btc has rallied 40% in a few weeks 🤝

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