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Binance Refuses Any Investment to Save Crypto Lender Genesis, Bankruptcy Ahead?

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Crypto brokerage firm Genesis Trading is struggling majorly to raise fresh capital in its current time of distress. As per the latest WSJ report, the crypto lender also approached players like Binance and Apollo Global Management to bid for its loan book. However, crypto exchange Binance refused to invest citing a conflict of interest. Some sources said Genesis reduced its fundraising target to $500 million. 

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