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Genesis files for bankruptcy, Cameron Winklevoss threatens to sue DCG and its founder

Genesis is the latest victim from the FTX collapse. The company filed for Chapter 11 protection in the Southern District of New York, a few hours after we reported that they were preparing the filing. The filing mentions over 100,000 creditors, and billions of dollars owed to customers. Genesis owes $3.4 billion to its top 50 creditors.
Following the Chapter 11 filing, Cameron Winklevoss took to Twitter threatened a lawsuit against DCG and its founder Barry Silbert, as over 340,000 customers of Gemini Earn were impacted by the suspension of withdrawals which happened in November.

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