Crypto lender Genesis is ready to file for bankruptcy

The collapse of FTX in November has claimed several victims

Which includes crypto lender BlockFi and Core Scientific Inc ,

Genesis, its parent Digital Currency Group and creditors have exchanged several proposals

Genesis is also locked in a dispute with Gemini

Gemini offered a crypto lending product called Earn in partnership with Genesis

The U.S.  Exchange Commission  had charged Genesis  with illegally selling securities