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Coin Cloud crypto ATM operator files for bankruptcy, owes over $100M to Genesis

According to its filing, the company has liabilities between $100 million and $500 million, with between 5,001 and 10,000 creditors and assets between $50 million and $100 million. Cash Cloud’s biggest creditor is Genesis Global Capital, a subsidiary business of Digital Currency Group’s bankrupt lending arm. It has an unsecured claim of over $108 million from Genesis, far outstripping the next largest claimant, which is owed over $8 million.

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Source: Cryptocurrency - investing.com

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