$BTC sank to a two-year low as the fallout from FTX_official's implosion spreads, catching crypto investment firm Genesis in its web. LedesmaLyllah reports.
. Binance, the world's largest crypto exchange, declined to invest, citing potential conflicts of interest. A Genesis representative, however, told Bloomberg that"we have no plans to file bankruptcy imminently.”
The initial news sent bitcoin to a fresh two-year low of $15,480. Since then, the price has remained at about $15,650.as of Sunday, court documents show. That is far below the $3.1 billion it owes to its top 50 creditors.and the rest, $488 million, is in non-debtor entities, according to the document, which was filed on Monday.
A total of 254,000 BTC older than six months appears to have changed hands since the collapse of FTX.
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