US crypto broker Genesis says it is working to avoid filing for bankruptcy

US crypto broker Genesis says it is working to avoid filing for bankruptcy

FILE PHOTO: Representations of virtual cryptocurrencies are placed on U.S. dollar banknotes in this illustration taken November 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

US cryptocurrency brokerage Genesis said it is seeking to avoid bankruptcy after Bloomberg news reported on Tuesday that creditors to the firm are in discussions with restructuring lawyers to prevent insolvency.

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