Genesis Global Capital files Chapter 11 bankruptcy
Genesis Global Holdco, Genesis Global Capital and Genesis Asia Pacific sought Chapter 11 protection after the lending business had frozen withdrawals in November 2022. Genesis linked the restructuring to losses and liquidity pressure that followed Three Arrows Capital and FTX.
Genesis Global Holdco, Genesis Global Capital and Genesis Asia Pacific sought Chapter 11 protection after the lending business had frozen withdrawals in November 2022. Genesis linked the restructuring to losses and liquidity pressure that followed Three Arrows Capital and FTX.
The market-infrastructure connection was institutional infrastructure surrounding Bitcoin markets. Changes to exchange access, banking, custody, or withdrawals can materially affect how people enter and leave Bitcoin markets even when the Bitcoin network continues operating independently.
The Bitcoin connection ran through institutional infrastructure surrounding Bitcoin markets. Major post-FTX credit failure with DCG, Gemini and Grayscale connections.
Date corrected from old file Jan. 10.