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Genesis’ Crypto Lending Businesses Files for Bankruptcy Protection

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In a voluntary petition, Genesis Global Holdco, LLC estimated it held between $100 million and $500 million in assets, counts $100 million and $500 million in liabilities, and has between 1 and 49 creditors. Subsidiaries Genesis Global Capital, LLC and Genesis Asia Pacific Pte. Ltd have also filed for bankruptcy protection, the filing said.

Read full article on Coin Desk

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