The creditors of the crypto investment company Genesis, which had a difficult time in terms of liquidity, sought legal action to prevent bankruptcy.
According to a report by Bloomberg Genesis‘s creditors took action to prevent a possible bankruptcy situation. To prevent creditors from filing for Genesis bankruptcy, according to the latest developments. in the name of restructuring lawyers reported to hold
Genesis, FTX Due to its bankruptcy, it spent most of November struggling to raise new capital or reach a settlement with creditors. Genesis also added that derivatives units are approximate in the FTX trading account. $175 million He said he had locked funds.
In its latest statement last week, Genesis announced that a possible bankruptcy is possible, but that this situation is not an immediate threat and that the funds needed to save the company are available. 500 million dollars had indicated.
The company recently invested in an investment bank to explore all options, including a possible bankruptcy. Moelis & Company agreed with.