Crypto lender Genesis files for Chapter 11 bankruptcy
The cryptocurrency world as taken another victim, with Genesis having between $1 and $10 billion in liabilities.
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The cryptocurrency world as taken another victim, with Genesis having between $1 and $10 billion in liabilities.
BlockFi is the latest victim in the ongoing fallout of FTX's downfall.
Sam Bankman-Fried also stepped down as FTX CEO as John J. Ray III takes over during the bankruptcy process.
During an emergency all-hands meeting with Twitter employees, Elon Musk reportedly shared that the threat of bankruptcy is looming.
THQ's demise was not something that happened because of bad luck or a changing marketplace, but more a result of a "sea of bad decisions," with the uDraw tablet at or near the top of the list, according to company president Jason Rubin.