Genesis Warns Of Bankruptcy Without New Funding - Bloomberg
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/16/2026
- Wall Street tumbles as worries about AI trade and high oil prices weigh
- Oil touches $110 a barrel for first time since May on Middle East, Russia supply fears
- Stay risk-off as higher real yields and AI volatility threaten stocks: BofA
- Apple’s first foldable iPhone sells out within minutes as preorders begin
- CoreWeave bond rout tests market's math on AI buildout
Tweet
Share
E-mail(Updated - November 21, 2022 4:50 PM EST)
Crypto firm Genesis is struggling to raise fresh cash for its lending unit and it is warning potential investors that it may need to file for bankruptcy if its efforts fail, according to Bloomberg, citing people with knowledge of the matter.
Genesis spend the past several days seeking at least $1 billion in fresh capital. Talks included a potential investment from Binance. Funding so far has failed to materialize.
The company told Bloomberg via email that it has no plans to file bankruptcy imminently.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Softbank Said To Weigh Buying Largest Us Security Firm Allied - Bloomberg
- La Rosa Holdings to rename as Stratum Holdings, shifts to AI
- Navan deploys Nvidia Nemotron 3.5 Super VL for AI travel agents
Create E-mail Alert Related Categories
Corporate News, Cryptocurrency, Hot Corp. News, Rumors, Trader TalkRelated Entities
BankruptcySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
