By CryptoNews - 1 year ago - Reading Time: 1 minutes
Troubled Crypto Firm Genesis Sought $1 Billion Emergency Loan Before Suspending Withdrawals – This is What Happened
The troubled crypto lending and trading firm Genesis had sought an emergency loan of $1bn before closing redemptions for clients earlier this week.Details about the emergency loan sought by Genesis were shared by the Wall Street Journal on Thursday, with the newspaper citing a confidential fundraising document as saying that Genesis needed the 1$bn loan by 10 AM last Monday....
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Original source: CryptoNews