“Genesis Crypto Firm, Is Planning to File for Bankruptcy.” Th | Coinpedia News || Crypto and Fintech News

“Genesis Crypto Firm, Is Planning to File for Bankruptcy.”

The crypto lending unit of DCG could file as soon as this week

The cryptocurrency lending unit of Digital Currency Group has been in confidential negotiations with various creditor groups amid a liquidity crunch. It has warned that it may need to file for bankruptcy if it fails to raise cash.