Genesis Global debtors post $276.03 million net loss for May

By Sarah Lizee

Olympia, Wash., July 3 – Genesis Global Holdco, LLC and its affiliated debtors reported a $276.03 million net loss for May on $169.44 million of total non-interest revenue, according to a monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.

The debtors had $202.13 million in cash and cash equivalents at the end of May.

Genesis Global is a New York-based cryptocurrency lender. The company filed bankruptcy on Jan. 19 under Chapter 11 case number 23-10063.

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