A few days ago, Genesis, part of the Digital Currency Group (DCG), stopped the withdrawals of its credit division.
Now, new news has come from the company, which took such a decision due to its grievances against FTX.
Genesis has warned investors that it will go bankrupt if it doesn’t find new funding, Bloomberg reported.
While it was stated that the attempts to find funds at the weekend did not reach the goal, it was said that the negotiations with Binance were continuing.
After the news was heard, Bitcoin declined to the level of $ 15,470 and made a new low.
Grayscale, which is also part of the same group, attracted attention when Genesis, a part of the Digital Currency Group (DCG), faced the risk of bankruptcy.
Grayscale, the world’s largest Bitcoin fund manager, recently announced its assets, but attracted suspicions by stating that it would not share cold wallet addresses.
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