Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing By CoinEdition

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Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing

Published Jan 21, 2023 01:23PM ET Updated Jan 21, 2023 01:30PM ET

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Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing

Two of Genesis’ creditors have taken issue with the crypto lender’s “sloppy” bankruptcy filing.

Mirana and Cumberland have accused the crypto lender of including inaccurate and misleading information in the filing.

Genesis had shown in its filing that both the firms had a combined exposure of $169 million.

Barely hours after Genesis Global filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, two of the crypto lender’s top ten creditors have gone public alleging misrepresentation of their exposure to the bankrupt firm.

Within hours of the filing, pictures of the chapter 11 document started circulating on Twitter. The document featured a list of Genesis’ top creditors, including Gemini, Babel, and Decentraland. Among these creditors were Mirana and Cumberland.

.@donutapp for $78mAnother one of those CeDeFi lending apps born out of the 0 interest rate and never ending stream of VC money?
The post Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing appeared first on Coin Edition.

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Creditors Take Issue With Genesis’ Sloppy Bankruptcy Filing

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