Crypto lending firm Genesis Global Capital is reportedly planning for a bankruptcy filing as early as this week. According to the report from Bloomberg, the firm has previously warned of the possibility of a bankruptcy filing if it fails to raise funds amid a liquidity crunch. However, the plan is not finalized as the negotiation is ongoing. The company is currently charged along with crypto exchange Gemini for offering unregistered securities through the latter’s “Earn” Program by the US Securities and Exchange Commission.
Source: https://cointelegraph.com
