FTX Collapse Statements Massive Victim: Genesis Goes Bankrupt #FTX #Collapse #Promises #Significant #Sufferer #Genesis #Bankrupt


Another renowned crypto business is down. 

The fall of Sam Bankman-Fried’s crypto empire continues to wreak havoc on the cryptocurrency market. 

Crypto loan provider Genesis World wide Holdco LLC filed for bankruptcy on January 19, victim of its organization dealings with the FTX cryptocurrency exchange. 

FTX and its sister company Alameda Study, a hedge fund and trading platform, have been the flagships of Bankman-Fried’s empire, which collapsed overnight on November 11 following currently being unable to meet substantial withdrawals of cash from their panicked purchasers.

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