FTX Collapse May Claim Another Big Victim: Crypto Lender Genesis

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The Street

By Luc Olinga The crypto lender is on the verge of bankruptcy, according to the Wall Street Journal. For the crypto industry the year 2023 continues right along from the year 2022. It’s in step with the devastation caused by the fall of former crypto king Sam Bankman-Fried’s empire. This empire included the FTX cryptocurrency exchange and its sister company, Alameda Research, a hedge fund that also serves as a trading platform for institutional investors. FTX and Alameda were two players at the center of the crypto sector. so their bankruptcy unsurprisingly shook the entire industry. The came …

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