Genesis reportedly owes creditors more than $3 billion.

Popular cryptocurrency broker Genesis is expected to file for bankruptcy within days, insiders have revealed, the media reported.

It would make the firm the latest crypto casualty following the spectacular downfall of Sam Bankman-Fried’s FTX, where the company held some of its funds, Daily Mail reported.

According to people familiar with the matter, Genesis is currently in the final stage of its Chapter 11 paperwork as it works toward a deal with creditors, Daily Mail reported.

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