Cryptocurrency lender Genesis has denied it is close to declaring bankruptcy, days after halting withdrawals in response to the collapse of crypto exchange FTX.Genesis said on Monday it has “no plans” to file for bankruptcy in the immediate future and would seek to resolve the situation “consensually”.“We have no plans to file bankruptcy imminently,” a spokesperson told Al Jazeera in an emailed statement. “Our goal is to resolve the current situation consensually without the need for any bankruptcy filing. Genesis continues to have constructive conversations with creditors.”
Load More
Load More