Over $3.5 billion in debt. Who does Genesis owe money to?

On Jan. 20, according to court documents, Genesis Global Holdco, an institutional cryptocurrency lending firm, and its two lending subsidiaries, Genesis Global Capital, LLC (" GGC ") and Genesis Asia Pacific Pte. Ltd. (" GAP ") filed for Chapter 11 bankruptcy protection today in U.S. District Court in New York.

In connection with the court's bankruptcy filing, Genesis included a list of the company's top 50 creditors, Gemini Trust Company, Mirana Corp, a Mirana Ventures entity, and Moonalpha Financial Services Limited, the parent company of paypal Finance, are prominent. BlockBeats has compiled a list of the top 50 creditors:

BlockBeats Note: This list does not contain unnamed entities and is ranked by the size of the amount owed

· Gemini Trust Company; $765,900,135 is owed

· Mirana Corp. (Mirana ventures entity); $151,568,100 is owed

· Moonalpha Financial Services Limited (paypal Financial parent company); $150,015,000 was owed

· Coincident Capital International, Ltd. (crypto hedge fund); $112,272,921 is owed

· Donut, Inc (crypto savings app for general users); $78,037,054 is owed

· Altcoinomy SA (Swiss financial intermediary and crypto broker); $61,801,095 is owed

· Streami Inc., a South Korean blockchain remittance intermediary software and infrastructure provider; $56,766,174 is owed

· Heliva International Corp (contacted by Santiago Esponda, Decentraland Chief Financial Officer, although the investment is not officially made by Decentraland Chief Operating Officer); $55,005,190 is owed

· VanEck New Finance Income Fund, LP (crypto ETF issuer Vaneck); $53,101,676 is owed

· Claure Group LLC, an asset management firm providing financial services; $45,857,828 is owed

· Digital Finance Group (DFG, blockchain and digital asset investment management organization); $37,907,447 is owed

· Plutus Lending LLC (developer of Plutus, a payment app that rewards users with payment cryptocurrencies); $30,003,000 is owed

· Ripio International (Ripio Credit NetworkDeveloper, RCN, a blockchain-based credit network that offers lending and trading services); $27,552,174 is owed

· Winah Securities S.A. (Asset management company, providing investment services to institutions, enterprises and private banks); $26,896,243 is owed

· Levity & Love, LLC, an entertainment company that works with artists on behalf of entertainment projects and whose clients include A-list comedians, producers, directors and writers; $25,534,533 is owed

· Caramila Capital Management LLC (Capital Management Company); $21,561,663 is owed

· Big Time Studios Ltd. (AAA chain game Big Time development studio); $20,000,000 is owed

· Cumberland DRW LLC, crypto market Maker; $18,720,061 is owed

· Coinhouse (French crypto trading platform); $14,857,000 is owed

· Stellar Development Foundation (Blockchain Stellar Development Foundation); $13,187,008 is owed

· Bayhawk Fund LLC (Asset management company); $12,562,500 is owed

· The Badger Technology Company Holdings, Limited, a subsidiary of Jabil, an American electronics company, which provides automation solutions for the retail industry; $10,245,821 is owed

· Valour, Inc., a capital management company that provides ordinary investors with access to DeFi; $10,239,290 is owed

· Schnutz Investments LP; $10,148,492 is owed

According to statistics, Genesis Global Holdco and its two lending business subsidiaries Genesis Global Capital, LLC (" GGC ") and Genesis Asia Pacific Pte. Ltd. (" GAP ") owe their top 50 creditors more than $3.5 billion.

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