Crypto lender Genesis Global Trading Inc. is preparing to file for bankruptcy within days, according to people familiar with the matter.

Genesis, owned by the crypto conglomerate Digital Currency Group, is in the final stage of preparing paperwork before it files for chapter 11 protection, said the people with knowledge of the matter.

This post first appeared on wsj.com

You May Also Like

Are YOU unknowingly eating ‘forever chemicals’? Shock study reveals up to 95% of fruit and vegetables sold in the UK contains toxic substances thought to cause cancer and damage the heart

Strawberries top a list of fruits and vegetables from UK supermarkets found…

All That Rain Is Driving Up Cases of a Deadly Fungal Disease in California

This story originally appeared on Grist and is part of the Climate…

He’s a WWE Pro and a Vtuber. Those Worlds Aren’t So Different

Brennan Williams stands 6’7″, weighs 300 pounds, and wrestles professionally as Dio…

How ‘Cuties’ Got Caught in a Gamergate-Style Internet Clash

Even before Netflix released the French film Cuties in the United States,…