Cointime

  • BTC $17223.31 -0.06 %
  • ETH $1281.78 -0.12 %
  • BCH $111.70 -0.18 %
  • SOL $13.66 -0.15 %
  • XRP $0.39 -0.30 %
  • BNB $289.70 -0.07 %

Genesis Global Capital Confirms Hiring Investment Bank Moelis, Talks With Potential Investors

1 min read Original Link

Genesis Global Capital confirmed that it has hired investment bank Moelis & Co. to explore how to shore up its crypto-lending business' liquidity and address clients' needs, days after halting withdrawals.

"We've begun discussions with potential investors and our largest creditors and borrowers, including Gemini and DCG," Genesis' interim CEO Derar Islim said in a memo sent to customers. "We expect to expand these conversations in the coming days," noting that Moelis was hired to fast track these talks.

All Comments