Genesis Owes Creditors Over $3.5B: Here Are Top 5 Claims

Genesis Global, the crypto lending company that filed for bankruptcy protection in New York late Thursday, owes more than $3.6 billion to its top creditors. 

What Happened: Genesis released a list of their top 50 unsecured creditors. We look at the top five unsecured claims, according to the bankruptcy filing.

Meanwhile, over $700 million dollars has been attached to entities whose identities are unknown.

Genesis is owned by DCG and was the first to launch OTC Bitcoin (CRYPTO: BTC) trading desk in 2013.

Price Action: BTC was trading at $20,979 up 0.75% in the last 24 hours, according to Benzinga Pro.

 

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