Rumors: Genesis, a crypto lender, is hiring a restructuring ad | Crypto Investment

Rumors: Genesis, a crypto lender, is hiring a restructuring advisor in case of bankruptcy

Previously, Genesis tried to find financing in the amount of $1 billion, then they lowered their appetites to $500 million. But it seems to be in vain.

Genesis has $2.8 billion in outstanding loans on its balance sheet, with about 30% of its loans to domestic firms, including parent company DCG