• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Crypto lender Genesis appeals to investors for loan help

Crypto lender Genesis appeals to investors for loan help

user avatar

by dapp_writer005

3 years ago


The Wall Street Journal (WSJ) news publication published data according to which it became known that the Genesis crypto exchange turned to investors for financial support in the amount of $1 billion. At the same time, the management of the exchange offered a share in the business as collateral.

The appeal was made on November 14 before the company announced that it would stop paying due to FTX's bankruptcy and liquidity shortages. A Genesis spokeswoman noted on November 18 that the crypto-lending platform is successfully negotiating with investors to restore work, and the previously published document is no longer relevant. Also, the team is considering various options to deal with the crisis.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other articles

In-Depth Review of MG — A GameFi Project with Token, NFT, and Telegram Bot Integration

chest

Explore MG, a blockchain game powered by the MG token: gameplay, tokenomics, NFTs, Telegram bot, and its future on Base and Solana chains.

user avatarElena Ryabokon

Gear Runner: Move-to-Earn Game with NFTs and $GEAR Token on TON

chest

Gear Runner is a Move-to-Earn Telegram game with NFTs, $GEAR tokens, and TON blockchain. Discover how walking and running turn into crypto rewards.

user avatarElena Ryabokon

Fort Block Games Review: Web3 Gaming, NFT Integration, and the $FBG Token Economy

chest

A detailed look at Fort Block Games — a Web3 platform combining Roblox, Fortnite, and Unreal Engine 5 with NFT assets, the $FBG token, and a play-to-earn ecosystem.

user avatarElena Ryabokon

Cusy snake — Classic Snake Meets Blockchain in a Telegram Game

chest

Cusy snake is a Web3 game inside a Telegram bot where classic snake gameplay meets blockchain rewards and simple onboarding into the crypto world.

user avatarElena Ryabokon

Meteora: How Dynamic Vaults and DLMM Transform Solana Liquidity

chest

In-depth Meteora overview: project history, evolution, DLMM pools, Dynamic Vaults, MET tokenomics, impact on Solana DeFi, and TVL prospects.

user avatarAlexandra Smirnova

Kalshi — A Regulated Event Forecasting Market with Blockchain Potential

chest

Kalshi is a CFTC-regulated platform that lets users trade on real-world event outcomes, combining financial tools with future Web3 integration.

user avatarElena Ryabokon
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.