Crypto firm Genesis warns of bankruptcy if it does not get new funding

Its been tough times for crypto firms since FTX went down the toilet.

On this one, the early warning signs were around:

• Social media chatter that Digital Currency Group owes US$1.1 bn to Genesis

And, even earlier, from last week:

• Wall Street Journal reports that crypto lender Genesis had sought emergency loan of US$1bn

Leading coin Bitcoin has been on the soft side through all of it. Its circa US$15600 as I update