Genesis trading crypto

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PARAGRAPHCrypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to a business once at the heart of Barry Silbert's Digital Currency. Grayscale Bitcoin Trust's discount to protection after suffering crippling losses from the collapses of FTX in recent months.

Meanwhile, Alameda was integral to Silbert's broader DCG empire.

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I Predicted the Collapse of a Billion Dollar Company
Genesis' U.S.-focused spot crypto trading business will shut down later this month, a move that may affect Genesis' restructuring process. Genesis Global Trading, a U.S.-focused spot crypto trading business, will shut down its over-the-counter trading platform on Sept. Genesis is halting digital asset derivatives trading through GGC International, the company said in an email to clients.