DCG Subsidiary Genesis Files For Bankruptcy!

Genesis, a subsidiary of Digital Currency Group (DCG), has filed for bankruptcy amid a debt burden of more than $3 billion.

Digital Currency Group ( DCG) subsidiary Genesis, 3 billion dollarsdue to excessive debt filed for bankruptcy.

FTX The processes that started with its collapse led to the bankruptcy of many companies. Especially prominent corporate giants took a place on the agenda with their liquidity problems. Finally Digital Currency Groupa subsidiary of Genesisalso Chapter 11 filed for bankruptcy. crypto trading platform, from 3 billionexcessive debt and from 100 thousandcould not afford many of its creditors.

Genesis Files For Bankruptcy After Financial Troubles

Digital Currency Group ( DCG) one of its subsidiaries Genesis, FTXHe filed for bankruptcy on the grounds that he was affected by the processes and had liquidity problems.

The platform, which stopped withdrawals months ago, failed to survive. DCGto save his subsidiary CoinDesk He also put the sale on the table. However, the company, which cannot meet its debt obligations, 3 billionfiled for bankruptcy with a debt of $.

DCG has not yet taken any action against this bankruptcy filing filed by its subsidiary. as known DCG, within Genesis, CoinDeskand grayscaleIt contains .

Now the eyes, Grayscale and CoinDeskwhat will happen next.