The grim reaper is stalking crypto markets. Cryptocurrency broker Genesis has filed for Chapter 11 bankruptcy, becoming the latest casualty of the fallout from the implosion of Sam Bankman-Fried’s digital asset exchange FTX last year.
The FTX, Voyager, Celsius and BlockFi bankruptcy proceedings are proving how complicated they really are.
The exchange agreed in December to purchase the company after Voyager's deal with Sam Bankman-Fried's FTX fizzled.