Genesis Global Holdco LLC, a cryptocurrency lender, has declared bankruptcy, becoming the latest company to fail in the aftermath of the FTX exchange’s abrupt demise and last year’s digital asset rout. According to court documents, the company, along with subsidiaries Genesis Global Capital LLC and Genesis Asia Pacific Pte, filed for Chapter 11 bankruptcy protection in the Southern District of New York on Thursday. Genesis Global Capital listed the same asset and liability range, $1 billion to $10 billion, as well as over 100,000 creditors — the top 50 unsecured claims total about $3.4 billion.
