Factbox-Crypto’s string of bankruptcies

Published by
Reuters UK

LONDON (Reuters) – The lending unit of U.S. crypto firm Genesis filed for U.S. bankruptcy protection on Thursday, the latest company toppled by a market rout last year that wiped about $1.3 trillion off the value of crypto tokens. While bitcoin has rallied this year, the impact of the market collapse has continued to hit companies in the highly interconnected sector. Here are the major crypto firms to file for bankruptcy over the last year (listed in reverse chronological order). GENESIS GLOBAL CAPITAL One of the largest crypto lenders, Genesis froze customer redemptions in November after majo…

Read More

Leave a Reply