Crypto lending firm BlockFi disclosed on Monday that it had “significant” exposure to bankrupt exchange FTX and said that it has tapped BRG, an advisory firm that’s working as a restructuring advisor on Voyager Digital’s chapter 11. BlockFi had agreed to a $400 million credit line from FTX in July after it was exposed to the now-fallen hedge fund, Three Arrows Capital. The crypto lender froze...
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Genesis Creditors Hammer Out Key Restructuring Agreement
Genesis’ creditors, including Gemini, have reached a key agreement with the bankrupt crypto lender and its parent company, Digital Currency Group, for the restructuring of Genesis’ lending unit, according to a person briefed on the deal. Creditor groups that are owed a total of more than $2 billion have for months been negotiating an agreement among themselves and also with Genesis...
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