Genesis creditors are starting to bail on bankrupt lender

Prior to the bankruptcy, many Genesis creditors said they still believed they’d be able to get all or most of what they had deposited back.
Prior to the bankruptcy, many Genesis creditors said they still believed they’d be able to get all or most of what they had deposited back.
Genesis Global has voluntarily filed for bankruptcy, along with its crypto lending arm, as parent firm DCG faces rising financial distress.
One creditor who pulled his funds from Genesis says he was lured back by emails from salespeople and incorrect monthly balance sheets.
Billionaire Cameron Winklevoss has written a letter to Barry Silbert of Genesis, escalating a dispute over hundreds of millions of dollars.
If Genesis fails, $350 million of the $600 million owed to Todd Boehly’s Eldridge would become due, according to the terms of the loan.