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Another Cryptocurrency Firm Goes Bankrupt As FTX Fallout Continues
Assessment: Fraud and hundreds of billions in customer losses are paving the way for Central Bank Digital Currencies … Genesis Global Holdco officially filed for bankruptcy several weeks after fellow cryptocurrency exchange FTX suddenly imploded. The company and two subsidiaries, Genesis Global Capital and Genesis Asia Pacific, submitted bankruptcy petitions with the United States Bankruptcy Court for the Southern District of New York. Genesis Global Trading and other subsidiaries will continue operations. “and that no one may