By CryptoNews - 1 year ago - Reading Time: 1 minutes
Crypto Firm Genesis Struggles to Raise Fresh Capital, In Talks with Binance – Next Domino to Fall From FTX Contagion?
The troubled crypto platform Genesis is reportedly struggling to raise fresh funds for its lending unit and may be headed into bankruptcy.According to Bloomberg, citing people with knowledge of the matter, the company has spent the past several days looking to raise a minimum of $1 billion in fresh capital, but seemingly with no luck.
A major crypto exchange has been involved in the talks, but no deal has yet been signed suggested the report, stating:...
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Original source: CryptoNews