Genesis Lending Group to File for Bankruptcy And the Hypocrisy of US Politicians!

#genesis #genesiscrypto #ftx #crypto

Genesis is one of the largest Bitcoin and Crypto lending groups which is now rumoured to be filing for bankruptcy if they fail to raise $175 million it lost due to the collapse of the FTX last week.
If Genesis goes down, it will be a huge hit to the Bitcoin and the entire crypto space because Genesis is linked to DCG - Digital Currency Group and Grayscale Bitcoin Trust.
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Other videos you might find helpful are below;

FTX Collapse - What Actually Happened? Impact on Crypto Space and Defi
https://www.youtube.com/watch?v=9NtsSLXHn5k&t=280s

FTX Collapse - How It Impacts UK FTX Customers? Warnings by FCA!!!
https://www.youtube.com/watch?v=Iw9YCSAn8MM&t=119s

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Disclaimer:
Nothing mentioned in this video is financial or tax advice and should not be taken as such. It's all for educational and information purposes only!

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Keywords;

Genesis, Bitcoin, Crypto, FTX, FTX Exchange, DCG, Grayscale,