Crypto Lender Genesis Tried But Failed to Get $1B Emergency Funds

According to new reports, crypto lending platform Genesis sought to obtain a $1 billion loan at the start of the week. The company reportedly sought emergency funds on November 14 in the wake of the FTX crash. However, Genesis was unable to gather the money it needed. Genesis Global May be Facing Liquidity Problems A Washington State Journal report cited a crucial fundraising document as the source of its data. Per the paper, Genesis Global Capital is facing liquidity issues…