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DCG’s CEO Barry Silbert revealed that the parent company owes Genesis $575 million<br />Genesis Global Trading may soon join FTX’s sinking ship. A bankruptcy option has made it on the table despite the firm claiming otherwise on Monday. According to the latest reports, the firm has hired the global investment bank – Moelis & Company. And, it is reportedly looking at “all possible options” including bankruptcy. However, it should be noted that Genesis has not sealed the bankruptcy deal yet. And, it could “avert a bankruptcy filing”, according to a NYTimes report.

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【Genesis has hired Moelis & Company to explore all possible options including bankruptcy】DCG’s CEO Barry Silbert revealed that the parent company owes Genesis $575 million
Genesis Global Trading may soon join FTX’s sinking ship. A bankruptcy option has made it on the table despite the firm claiming otherwise on Monday. According to the latest reports, the firm has hired the global investment bank – Moelis & Company. And, it is reportedly looking at “all possible options” including bankruptcy. However, it should be noted that Genesis has not sealed the bankruptcy deal yet. And, it could “avert a bankruptcy filing”, according to a NYTimes report.

Genesis has hired Moelis & Company to explore all possible options including bankruptcy

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