Genesis Global debtors report $443.7 million net income for December

By Sarah Lizee

Olympia, Wash., Jan. 31 – Genesis Global Holdco, LLC and its affiliated debtors reported a $443.7 million net income for December on $442.28 million total net revenue, according to their monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The debtors reported cash and cash equivalents of $617.82 million at the end of December.

Genesis Global is a New York-based cryptocurrency lender that filed bankruptcy on Jan. 19, 2023 under Chapter 11 case number 23-10063.

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