CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Aaron Kaplan of Prometheum explains the fallout from Genesis' bankruptcy, and Joe Lau of Alchemy shares details from the company's Q4 2022 report on web3 development.
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Crypto lender Genesis latest to file for bankruptcy as crypto contagion continues to spreadThe firm is the latest domino to fall amid an ongoing crypto rout, saying it has as much as $10 billion in liabilities.
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Crypto lender Genesis files for bankruptcy in latest blow to Barry Silbert's DCG empireGenesis, the crypto lender owned by DCG, filed for bankruptcy protection, the latest collapse to follow FTX's implosion in November.
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Genesis' Crypto Lending Businesses Files for Bankruptcy ProtectionThe collapse of FTX in late 2022 was the final straw for Genesis, which earlier that year reportedly suffered losses of several hundred million dollars due to its exposure to failed crypto hedge fund Three Arrows Capital.
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Crypto lender Genesis files for bankruptcyGenesis Global filed for bankruptcy protection in New York. The firm has estimated liabilities of $1 billion to $10 billion with estimated assets in the same range.
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Crypto lending unit of Genesis files for U.S. bankruptcyThe lending unit of crypto firm Genesis filed on Thursday for U.S. bankruptcy protection from creditors, toppled by a market rout along with the likes of exchange FTX and lender BlockFi.
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Crypto Lender Genesis Files for Bankruptcy, Ensnared by FTX CollapseBreaking: Genesis Global and two of its lending subsidiaries filed for bankruptcy protection, the latest domino to fall after the failure of exchange giant FTX
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