Popular cryptocurrency broker Genesis has filed for bankruptcy, insiders have revealed.
The filing made its way through the U.S. bankruptcy court Thursday, and comes as the latest crypto casualty following the spectacular downfall of 's , where the lender held some of its funds.
Previous reports aired this week indicated the company had been in the midst of the now finished Chapter 11 paperwork, as it works toward a deal with over 100,000 creditors who found themselves out of their investments following FTX's collapse.
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