cnbc
Crypto lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to a business once at the heart of Barry Silbert’s Digital Currency Group.
The company listed over 100,000 creditors in a “mega” bankruptcy filing, with aggregate liabilities ranging from $1.2 billion to $11 billion dollars, according to bankruptcy documents. Additional
Why are “dollars” mentioned when crypto crashes are mentioned? This makes no sense if you are a believer in crypto.
Lowell,
A: To trick you into thinking that its worth something when the batteries die.
…annnd it’s gone.
Link restored – Dr Tar
Banksturds of Amerikans
Did ya hear about BOA and missing Cash and unhappy customers?
WoW
Very Little NY Media Coverage
What with all the BitCoin Grifting and Grubbing
So interesting these events would happen concurrently
Yet not reported.
Curiouser and Curiouser
I was always skeptical about some kind of virtual “currency” with no underlying value behind it.
No thanks. Full faith and credit of the United States is even more flaky than I prefer.
Flim flam men reside at 1600 Pennsylvania on down.
We’re in for a rat fucking.
So . . . does this mean the gatecrashers at Sam-Bankman-Frieds parents place were in actuallity . . .
Misrouted GPS Cryptogriftin’ Banksturds of Amerika account holders looking to make an ATM withdrawel?
Pop Up Bollard Blocks
Things we did not know
WTF is a zelle?
Can u zelle me jelly?
Warezzelle?
Don’t worry, yourr financial institution
Be Happy, you can’t
However
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NETWERK: BOA,Truist,CapOne,JPMChase,PNC,US,Well . . . well well
HQ = Scottsdale, AZ
Number of Employees: 12 (worldwide)
Curiouser and Curiouser
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What do you mean that virtual currency virtually disappeared?
Another “Mega” Billion Dollar Crypto Bankruptcy
Monkey see. Monkey do.
Itz just a matter of how many suckers you can get to drop a coin into the tin cup!