After suspending redemptions for its customers last November and battling Gemini cofounders Cameron and Tyler Winklevoss since then, Barry Silbert’s Genesis Global Trading is considering filing for bankruptcy as soon as this week, Bloomberg reported, citing people familiar with the matter.
Genesis, a subsidiary of billionaire Barry Silbert’s Digital Currency Group that connects institutional investors to digital asset markets, had been trying to raise new funds due to a liquidity crunch, but the search has not been going as planned.
