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crypto

Genesis Approached Binance, Apollo as it Struggles to Raise Cash

By
Aidan Ryan
· · Source: Bloomberg

Genesis, one of the largest crypto lending firms, approached crypto exchange Binance and private equity firm Apollo Global Management for cash, Bloomberg reported on Tuesday. Genesis has been seeking up to $1 billion in funding, according to multiple reports. The talks come as Genesis’ withdrawals remain frozen after customers rushed to pull out money following the collapse of FTX. Genesis has...

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