Genesis, a cryptocurrency lender, said on Monday that it has no immediate plans to declare bankruptcy, just days after the collapse of cryptocurrency exchange FTX forced it to suspend customer redemptions. “We have no immediate plans to declare bankruptcy. Our goal is to resolve the current situation amicably, without the need for bankruptcy “A Genesis spokesperson told Reuters in an emailed statement that the company is still in talks with creditors. According to a Bloomberg News report citing sources, Genesis is struggling to raise new capital for its lending unit and has warned investors that if funding cannot be found, the company may have to declare bankruptcy.
