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Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options: New York Times

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Genesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, according to The New York Times. By Aoyon_A

There haven't been any final decisions made and it is still possible for the company to avoid a bankruptcy filing, the report said.

Genesis had spent much of November scrambling to raise fresh capital or reach a deal with creditors thanks to its exposure to collapsed crypto exchange FTX. The company's institutional lending unit last week was

 

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Aoyon_A MuuInuOfficial Has Buy Tax Permanently Zero To Allow Usability Of MUUCHAIN; It's Fast Becoming The Popular Topic In The Space With Integration Of MUUINU Into Innovative Projects & Providing Strengthening Partnerships MORE INFO:

Aoyon_A …busy times for restructuring advisors

Aoyon_A I am surprise to see that coindesk take New York Times as source. We expect coinbase share true report as parent company is same.. Grayscale Genesis Bitcoin

Aoyon_A If they file for bankruptcy that would be the catalyst we need for new low. Either way I DCA.

Aoyon_A Bye bye cryptomarket

Aoyon_A It sounds like a bankruptcy is all but guaranteed at this point.

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