Genesis Shifts $1.5 Billion in Bitcoin and Ether for Creditor Repayments

Genesis made massive crypto transfers on Friday. This included over a billion in Bitcoin and hundreds of millions in ETH. The bankrupt crypto lender is likely preparing to repay its creditors. Wallets linked to bankrupt crypto lender Genesis Trading today moved over a billion in Bitcoin and hundreds of millions in Ether in likely preparation for creditor repayments. Genesis filed for Chapter 11 bankruptcy protection in January last year after suffering crippling losses from FTX’s implosion and the collapse of hedge fund Three Arrows Capital. The company listed over 100,000 creditors with total liabilities ranging from $1.2 billion to

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