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Genesis owes $1.8 billion to creditors

Crypto lender Genesis has been in troubled waters ever since the start of the FTX debacle.
Rumored to be on the brink of bankruptcy on different occasions, the company owned by Digital Currency Group reportedly owes more than $1.8 billion to creditors, which includes about $900 million to customers of Gemini’s Earn program, according the Financial Times. As a reminder, Gemini is owned by the Winkelvoss brothers, better known for their involvement in the creation of Facebook.

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