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            <title><![CDATA[Genesis Creditors Hire Lawyers to Find Ways to Prevent Crypto Brokerage's Bankruptcy: Bloomberg]]></title>
            <link>https://paragraph.com/@pascal-fo/genesis-creditors-hire-lawyers-to-find-ways-to-prevent-crypto-brokerage-s-bankruptcy-bloomberg</link>
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            <pubDate>Wed, 30 Nov 2022 17:55:53 GMT</pubDate>
            <description><![CDATA[Genesis Global Trading&apos;s creditors have hired restructuring lawyers to help find a way prevent the crypto brokerage from having to file for bankruptcy, Bloomberg News reported on Wednesday, citing people with knowledge of the situation. Some creditors are working with law firm Proskauer Rose, while others have retained Kirkland & Ellis, the people said. On Nov. 16, the lending arm of the crypto investment bank suspended redemptions and new loan originations in the wake of the FTX exchang...]]></description>
            <content:encoded><![CDATA[<p>Genesis Global Trading&apos;s creditors have hired restructuring lawyers to help find a way prevent the crypto brokerage from having to file for bankruptcy, Bloomberg News <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.bloomberg.com/news/articles/2022-11-29/genesis-creditors-organize-seek-options-to-avoid-bankruptcy?sref=17Td6NBb">reported</a> on Wednesday, citing people with knowledge of the situation.</p><p>Some creditors are working with law firm <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.bloomberg.com/quote/1145L:US">Proskauer Rose</a>, while others have retained <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.bloomberg.com/quote/1132L:US">Kirkland &amp; Ellis</a>, the people said.</p><p>On Nov. 16, the lending arm of the crypto investment bank suspended redemptions and new loan originations in the wake of the FTX exchange’s collapse, Interim CEO Derar Islim told customers on a call, as <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.coindesk.com/business/2022/11/16/genesis-crypto-lending-unit-is-halting-customer-withdrawals-in-wake-of-ftx-collapse/">CoinDesk reported</a> at the time.</p><p>Genesis and CoinDesk share the same parent company, Digital Currency Group.</p>]]></content:encoded>
            <author>pascal-fo@newsletter.paragraph.com (pascal(互fo)❤️💕相互フォロー)</author>
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