WSJ: Genesis Requests $1 Billion Emergency Loan
The Wall Street Journal (WSJ) has obtained a confidential document from crypto lender Genesis, in which he appeals to potential investors for financial assistance secured by a stake in the business. Crypto lending company Genesis unsuccessfully attempted to secure a $1 billion emergency loan before suspending withdrawals, the WSJ reports. on the balance sheet of Genesis. The crypto lender offered potential investors the opportunity to obtain a majority stake in Genesis, a stake in one…
