Cryptocurrency exchange “Genesis” is experiencing liquidity problems after the collapse of FTX cryptocurrency exchange and may soon file for bankruptcy
Publika.az “Bloomberg” reported on this with reference to sources.
“Genesis” cooperates with FTX, including providing loans to the latter. Now the company is actively trying to attract investors who can provide it with funds in the amount of about 1 billion dollars. However, “Genesis” has not officially confirmed this information.
According to reports, Genesis is in talks with another cryptocurrency exchange, Binance. His representatives did not comment on this information.
On November 4, FTX announced on Twitter that it had filed for bankruptcy. The publication also noted that the CEO of the cryptocurrency exchange, Sam Bankman-Fried, has resigned. Earlier, “Bloomberg” reported that the US Securities and Exchange Commission is investigating Bankman-Fried for possible violations. The regulator finds out whether the businessman is involved in actions that lead to a liquidity crisis.
Huseyn Ibadli
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