Breaking: Genesis Moves $1.5 Bln In BTC and ETH For Creditor Repayment

Quick Summary:

Once bankrupt crypto lending giant Genesis Global has moved the sum of $1.5 billion as in what appears as funds for creditor repayment.

Crypto data analytics platform Arkham Intelligence shared the update noting the funds moved are domiciled in Bitcoin (BTC) and Ethereum (ETH).

Weeks after the FTX bankruptcy, Genesis itself halted withdrawals and filed for bankruptcy.

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Article Details

Author / Journalist: Godfrey Benjamin

Category: Crypto

Markets: India

Topics: Genesis Global 24/7 Cryptocurrency News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-02 @ 15:18:05 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 178 words

Reading Time: 1 minutes read

Sentences: 26 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21899303

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 28 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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