What's New in Crypto: FTX, Genesis, Bitcoin at Two-Year Low

stocks aren't up for training just yet in the U. S. Crypto trades around the clock. So let's take a look at where the action's at. But before we do that, let's get to some headlines as hackers who stole about $477 million worth of crypto from collapsed exchange. F. T. X. Have reportedly started to launder the funds into Bitcoin. Public records of the accounts linked to the hackers showed that more than $280 million of that stolen money was changed into Cryptocurrency ether. Now this is just the latest addition to FT X's woes at double the 226 million the collapse. Crypto exchange person owes their biggest creditor. FDX is liable for $9 billion in debt but reportedly has less than a billion in assets. A hearing on FT X's first day motions is set for later today. Meanwhile, let's talk about genesis here as F. T. X. Continues to deal with their fallout surrounding their bankruptcy. Contagion fears continue to spread throughout the country and the industry as crypto lender, Genesis says they're working to avoid the same fate. Reports indicate that Genesis is trying to raise money for their lending business. It could be forced to file for bankruptcy if they failed to raise enough capital. The Wall Street Journal reports that the crypto lender asked finance for investment, which was denied genesis stopped allowing customers to redeem funds and to take out new loans last week citing FDX his downfall in all of that. So with all of that, let's take a look at where all the major coins are at so far this morning and Bitcoin, the world's most valuable crypto, hitting a two year low today, but still up about 2% at 16 1 26 ether up to about 2% at 11 29. And you see finance up the most so far today at about 3% at $263. Now, let's into Green for the day. It is still down significantly so far today.