Genesis Creditors Hire Lawyers To Prevent The Crypto Brokerage From Going Bankrupt

A Bloomberg News report has it that creditors of Genesis Global Trading’s have hired restructuring lawyers to help find a way prevent the crypto brokerage from having to file for bankruptcy.

According to the report, some creditors are working with law firm Proskauer Rose, while others have retained Kirkland & Ellis.

Earlyier in November, the lending arm of Genesis suspended redemptions and new loan originations in the wake of FTX’s collapse.

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