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Genesis calls in restructuring expert in its fight to avoid bankruptcy.
Cryptocurrency lending firm Genesis Global Capital has reportedly hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy.
It is understood that the firm has hired investment bank Moelis (NYSE:MC) & Company to explore options, while people familiar with the situation have stressed that no financial decisions have been made and that it is still possible for the company to avoid a bankruptcy filing, according to a New York Times report on Nov. 22.
