• 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

Next Basket: how AI and blockchain are reshaping e-commerce with the NEBA token

chest

Next Basket is a Web3 e-commerce platform powered by AI and the NEBA token. A detailed look at its concept, token economy, use cases, and long-term potential.

user avatarElena Ryabokon

Boss Cultr: how a racing GameFi project with NFTs is built and why it matters

chest

Boss Cultr is a GameFi project combining racing gameplay, NFTs, and a Web3 community. A detailed look at mechanics, use cases, and long-term development potential.

user avatarElena Ryabokon

Capizen: how an idle GameFi project on Solana works and why it stands out

chest

Capizen is a Web3 idle game on Solana featuring automated gameplay and the CAPI token. A detailed look at mechanics, economy, use cases, and future potential.

user avatarElena Ryabokon

Socket Protocol Overview: Cross-Chain Routing, Architecture and Web3 Use Cases

chest

In-depth overview of Socket — a cross-chain infrastructure protocol enabling secure and efficient interoperability between blockchains through routing, aggregation, and non-custodial design.

user avatarElena Ryabokon

Rekt Games: Blockchain Gaming Project Overview, Tokenomics and Growth Potential

chest

In-depth overview of Rekt Games — a GameFi platform combining blockchain games, tokenized economy, NFT mechanics and a focus on fair, entertainment-driven gameplay.

user avatarElena Ryabokon

AAA C(H+A)RM: Project Overview, Tokenomics and Web3 Growth Potential

chest

In-depth overview of AAA C(H+A)RM: project concept, protocol architecture, tokenomics, user incentive mechanisms and long-term potential within the Web3 ecosystem.

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.