Coin Cloud, which operates automated teller machines that sell cryptocurrency, had been in talks with Genesis, a digital asset brokerage, but it’s unclear if those talks are still ongoing as its rescuer struggles to raise funds. According to people familiar with the situation, Genesis provided Coin Cloud with an unsecured loan of around $100 million. Genesis had considered injecting equity into Coin Cloud in recent discussions, according to the people, who asked not to be identified because the matter is private. Coin Cloud recently hired advisers to assist in restructuring approximately $125 million of the ATM operator’s debt.
