Gemini crypto interchange, commercial giant, mirana, moonalpha finance and the new financial income fund of vaneck are among the fifty greatest historical creditors, A bankruptcy report was released late Thursday evening.
Crypto lender Genesis filed for bankruptcy during the late U.S. hours of Thursday in what it called a “strategic [action] to achieve a global resolution to maximize value for all clients and stakeholders and strengthen its business for the future.”
Among its creditors are names known to observers in the crypto industry. Genesis owes Gemini Trust Company (Gemini used Genesis as a vehicle for its Yield product) $766 million; trading firm Cumberland DRW $18.7 million; Crypto-fund Mirana (which has invested in ByBit) $151.5 million; MoonAlpha Finance (the team behind Babel Finance) is owed $150 million, and VanEck’s New Finance Income Fund $53 million.
There are a number of creditors who have been blacked out as well. One debtor owes $462.2 million and another owes $230 million.
Genesis and CoinDesk have the same parent company Groupe de la monnaie numerique (DCG).
A company called Heliva International Corp is owed $55 million, and lists Decentraland’s CFO Santiago Esponda as a contact point. However, when contacted by coindesk, ryan de taboada, the coo of decentralization, denied that it was an official decentralization investment.