• 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.

chest

Other articles

Night Crows Explained: How a AAA-Style MMORPG Integrates Blockchain and Web3

chest

An in-depth overview of Night Crows, a blockchain MMORPG built on Unreal Engine 5, featuring massive PvP battles, a global economy, and Web3 integration.

user avatarElena Ryabokon

Neos Metaverse is a digital space for collaborative creativity

chest

In the digital age, Neos Metaverse offers an innovative approach to virtual interaction. This project creates an interactive ecosystem where users come together for real-time creativity and communication.

user avatarMax Nevskyi

Tap Fantasy Explained — How Idle MMORPG Gameplay Integrates Blockchain and NFTs

chest

An in-depth look at Tap Fantasy, an idle MMORPG powered by blockchain and NFTs, exploring gameplay, progression systems, token economy, and Web3 infrastructure.

user avatarElena Ryabokon

Fatty Game Explained — How NFTs, Meme Economy, and Web3 Shape a New Gaming Ecosystem

chest

An in-depth look at Fatty, a Web3 blockchain game featuring NFT characters and meme culture, covering gameplay, tokenomics, technology, and future growth.

user avatarElena Ryabokon

Fight Me! Explained — How NFT Fighters and PvP Mechanics Are Redefining Web3 Sports Games

chest

An in-depth overview of Fight Me!, a blockchain MMA game with NFT fighters, covering gameplay, token economy, technology, and its role in competitive Web3 gaming.

user avatarElena Ryabokon

Rise of AITECH Explained — How AI and Blockchain Are Shaping the Next Generation of Web3 Games

chest

An in-depth look at Rise of AITECH, a Web3 game combining AI, blockchain, and the metaverse, including gameplay mechanics, token economy, NFTs, and future growth.

user avatarElena Ryabokon

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.