I heard that Genesis Global might have sold a large amount of grayscale cryptocurrency trust shares, specifically worth $1.6 billion. I'm curious to know if this rumor is true.
            
            
            
            
            
            
           
          
          
            6 answers
            
            
  
    
    Enrico
    Wed Jan 15 2025
   
  
    This move is part of Genesis Global's broader strategy to liquidate assets and raise funds to satisfy its outstanding debts.
  
  
 
            
            
  
    
    NebulaChaser
    Wed Jan 15 2025
   
  
    The permission granted by the court represents a positive step forward for Genesis Global, which has been struggling to navigate the complex landscape of crypto lending and bankruptcy.
  
  
 
            
            
  
    
    Sara
    Wed Jan 15 2025
   
  
    With the sale of these Grayscale shares, Genesis Global hopes to make meaningful progress in repaying its creditors and moving towards a resolution of its financial difficulties.
  
  
 
            
            
  
    
    DigitalDynastyQueen
    Wed Jan 15 2025
   
  
    Genesis Global, a crypto lender that has declared bankruptcy, secured a significant development in its efforts to repay creditors.
  
  
 
            
            
  
    
    GyeongjuGloryDays
    Wed Jan 15 2025
   
  
    BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts and investors.