Genesis Global Holdco and two of its subsidiaries, Genesis Global Capital and Genesis Asia Pacific filed for bankruptcy in the Southern District of New York on 19 January. Genesis estimated that the company had more than 100,000 creditors. Its estimation of total assets and debts as of 30 November 2022 are $5.3 billion and $5.1 billion respectively. However, the filing does not include its parent company Digital Currency Group (DCG) or its derivatives and spot trading, custody and brokerage businesses.