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Crypto lender genesis had sought emergency loan of $1 billion

Crypto lender genesis had sought emergency loan of $1 billion

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Gemini co-founder Cameron Winklevoss initially responded to the loam on Twitter, writing that Silbert and bets made last year severely explanation for the multibillion-dollar hole.

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On Thursday, the Wall Street Journal reported that Genesis had sought an emergency loan of $1 billion from investors before it suspended. Cryptocurrency lender Genesis said on Monday it has had sought an emergency loan of $1 billion from investors before it suspended withdrawals. Two days earlier, it had sought an emergency loan of $1 billion from investors, the Wall Street Journal reported. While Genesis declined to.

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Cancel Subscription. Whatsapp Twitter Facebook Linkedin. Our goal is to resolve the current situation consensually without the need for any bankruptcy filing," a Genesis spokesperson said in an emailed statement to Reuters, adding that it continues to have conversations with creditors. Genesis is a part of Barry Silbert's Digital Currency Group, which has seen mounting problems in recent months.