It's unfortunate to hear that Genesis Trading is reportedly filing for bankruptcy protection. Bankruptcy is a complex and stressful process for any business and its employees, creditors, and customers. Companies need to conduct themselves ethically and in compliance with laws and regulations to ensure their financial stability. From the context, it seems that the parent company of Genesis Trading, Digital Currency Group (DCG) is also under investigation for internal transfers which might have led to the downfall of Genesis Trading. It's important for authorities to investigate any illegal activities and for companies to be transparent in their financial dealings. It's also worth noting that, it was reported in November that Genesis was on the path to avoiding bankruptcy, but it seems that it couldn't prevent it in the end. Investors and customers need to be aware of the current state of a company before investing in or using its services.
Topic: Genesis to File for Creditors Protection (Read 61 times)