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Genesis DeFi Business Headed for Bankruptcy

Genesis DeFi Business Headed for Bankruptcy

Why have companies like Genesis gotten into financial trouble when the concept of decentralized finance is, by itself, so promising? Some of the reasons will likely become clearer during bankruptcy proceedings much like FTX’s problems have seen the light of day during their bankruptcy hearings. With the Genesis DeFi business headed for bankruptcy following others it is useful to look for lessons.

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