Genesis calls in restructuring expert in its fight to avoid bankruptcy

Genesis calls in restructuring expert in its fight to avoid bankruptcy


Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy. 

It is understood that the firm has hired investment bank Moelis & Company to explore options, while people familiar with the situation have stressed that no financial decisions have been made and that it is still possible for the company to avoid a bankruptcy filing, according to a New York Times report on Nov. 22.

Interestingly, Moelis & Company was also one of the firms engaged by Voyager Digital after it suspended withdrawals and deposits on Jul. 1 in order to explore “strategic alternatives.”

Trending: Dr. Peter McCullough: “It Looks Like the mRNA is Transferring from the Vaccinated to the Unvaccinated”

Days later, Voyager Digital filed for Chapter 11 bankruptcy in the Southern District Court of New York

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend