Major Crypto ATM Operator Coin Cloud Files for Bankruptcy – Featured Bitcoin News
Bitcoin crypto Major Crypto ATM Operator Coin Cloud Files para sa Pagkalugi – Itinatampok na Bitcoin News 52 segundo ang nakalipas Balita ng Ethereum ng Bitcoin One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The companys largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Coin Cloud Files for Bankruptcy Cash Cloud Inc., a digital asset ATM operator doing business as Coin Cloud, voluntarily filed for Chapter 11 bankruptcy on Tuesday. Sa nito filing with the U.S. bankruptcy court for the District of Nevada, Coin Cloud declared an estimated number of creditors of between 5,000 and 10,000. In addition, the company estimated that its total assets range between $50 million and $100 million while its total liabilities fall between $100 million and $500 million. Crypto lender Genesis Global Trading Inc. is listed as Coin Cloud‘s largest unsecured creditor, with a total claim of $116,353,435. After deducting the value of collateral, Genesis Global Trading’s unsecured claim amounts to $108,568,655, the filing shows. On Jan. 19, Genesis Global Holdco LLC and two of its lending business subsidiaries, including Genesis Global Capital, filed for Chapter 11 bangkarota