Башталыш, a digital asset financial services company, has denied that it is on the verge of declaring bankruptcy, just days after halting withdrawals in response to the collapse of crypto exchange FTX.
On Monday (November 21), the cryptocurrency lender stated that it has “no plans” to file for bankruptcy in the near future and will seek a “consensual” resolution to the situation.
Электрондук почта билдирүүсүндө Reuters, a Genesis spokesperson said, “We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any bankruptcy filing.”
Ал боюнча билдирүү by Bloomberg News, citing sources, Башталыш was facing difficulty raising new capital for its lending unit and has warned investors that it may file for bankruptcy if additional funding were not secured.
According to reports, the crypto investment bank has spent the past several days attempting to raise at least $1 billion in new capital.
Furthermore, the Wall Street Journal билдирди that Genesis approached crypto exchange Binance in pursuit of an investment, but Binance declined due to a potential conflict of interest down the road.
According to reports, the company also approached private equity firm Apollo Global Management for funding.
Genesis Global Capital, one of the largest crypto lenders, suspended customer withdrawals last week due to a liquidity shortage triggered by a rise in withdrawal requests following the collapse of Sam Bankman-Fried’s FTX.
Gemini’s Stance
Gemini, which operates a crypto lending product in partnership with Genesis, tweeted on Monday that it was continuing to collaborate with the firm to help its consumers redeem funds from its yield-generating “Earn” programme.
Gemini stated on its blog last week that the suspension of Genesis withdrawals had no effect on its other products and services.
1/5 Earn кардарлары үчүн жаңыртуу: Earn колдонуучулары үчүн чечим табуу үчүн биз Genesis Global Capital, LLC (Genesis) — Earn компаниясынын насыя берүүчү өнөктөшү — жана анын башкы компаниясы Digital Currency Group, Inc. (DCG) менен иштешүүнү улантып жатабыз. алардын каражаттары.
- Gemini (@Gemini) November 22, 2022
Ошондой эле окуу: FTX Crash криптонун аягыбы? Бул жерде бир нече миллиард долларлык алдамчылык кантип ачылды
Сунушталган мазмун автордун жеке пикирин камтышы мүмкүн жана базар шартына ылайык. Криптовалютага инвестиция салуудан мурун, базарыңызды изилдеңиз. Сиздин жеке материалдык чыгымыңыз үчүн автор же басылма эч кандай жоопкерчилик тартпайт.
Source: https://coingape.com/genesis-says-it-has-no-immediate-plans-to-declare-bankruptcy/