Crypto lender Gen_Capital confirms hiring investment bank Moelis for help sorting out its liquidity crunch. Aoyon_A reports
Genesis Global Capital confirmed that it has hired investment bank Moelis & Co. to explore how to shore up its crypto-lending business' liquidity and addresses clients' needs, days after halting withdrawals.
"We've begun discussions with potential investors and our largest creditors and borrowers, including Gemini and DCG," Genesis' interim CEO Derar Islim said in a memo sent to customers."We expect to expand these conversations in the coming days," noting that Moelis was hired to fast track these talks.
Genesis had spent much of November scrambling to raise fresh capital or reach a deal with creditors thanks to its exposure to collapsed crypto exchange FTX. The company's institutional lending unit last week was
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Genesis Global Capital Has Hired Investment Bank Moelis to Explore Options: New York TimesGenesis Global Capital has hired investment bank Moelis & Company to explore options including a potential bankruptcy, according to The New York Times. By Aoyon_A
Read more »
Digital Currency Group owes $575 million to Genesis Trading's crypto lending armVenture capital company Digital Currency Group, which owns Genesis Trading and cryptocurrency asset manager Grayscale, owes $575 million to Genesis' crypto lending arm, Chief Executive Barry Silbert said in a letter to shareholders on Tuesday afternoon.
Read more »
Silence from Digital Currency Group's Genesis spooks cryptoAs the market awaits an update this week, Crypto Twitter has been on edge.
Read more »
Crypto Lender Genesis Asks Binance and Apollo for CashCryptocurrency firm Genesis is trying to raise cash, and has approached crypto exchange Binance for an investment and to bid for its loan book, according to people familiar with the matter
Read more »
Binance will not invest in crypto lender Genesis: WSJBinance will not invest in crypto lender Genesis, as there may be potential conflicts of interest, according to the Wall Street Journal.
Read more »
Crypto lender Genesis says no plans to file bankruptcy imminentlyCryptocurrency lender Genesis said on Monday it has no plans to file for bankruptcy imminently, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions.
Read more »