{"id":579873,"date":"2022-11-22T15:41:05","date_gmt":"2022-11-22T15:41:05","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=579873"},"modified":"2022-11-22T15:41:22","modified_gmt":"2022-11-22T15:41:22","slug":"genesis-bankruptcy-binance-shun-lender","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/genesis-bankruptcy-binance-shun-lender\/","title":{"rendered":"Genesis faces bankruptcy without $500 million cash injection, Binance and Apollo shun crypto lender"},"content":{"rendered":"\n
Summary:<\/p>\n\n\n\n
Major crypto lender Genesis might go bankrupt without new capital after the firm declared a $175 million exposure to beleaguered digital asset exchange FTX. The crypto lender reportedly sought $1 billion from investors, per Bloomberg. Shortly, the raise was reduced to $500 million. <\/p>\n\n\n\n