Sam Bankman Fried

Crypto Lender Files Genesis Trading for Bankruptcy Protection

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Cryptocurrency lender Genesis filed for Chapter 11 bankruptcy protection late Thursday night in Manhattan federal court, the latest casualty in the industry contagion caused by the collapse of FTX and a crippling blow to the business at the heart of Barry Silbert’s crypto conglomerate. The company listed more than 100,000 creditors in a “massive” bankruptcy … Read more

Why Some Black Investors Are Still “Playing” Cryptocurrency Despite Winter, FTX

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Illustration: Megan Robinson / Axios The cryptocurrency bear market hasn’t spooked some black investors, who originally embraced the sector as a way to build wealth. why does it matter: Overnight, battered bitcoin rose again above $20,000 after staying near $16,000 for weeks. But the cryptocurrency winter wiped out billions from the cryptocurrency market value. Meanwhile, … Read more