Guess The Bull Market isn't for Everyone

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Despite the little fluctuation of crypto price in the market there's no doubt that we are experiencing a bull run in the market, it's slow but we are getting there. As someone who bought the dip at 16k I can boldly say I have benefited from the little bull run now that the price is at $23k and I believe I'm not the only one who has benefited from the little push.

However, one would think that this would have given a little boost to the companies that fell at the hands of the bear market, maybe give them hope that they will recover from their losses or rather help them recover from it a little bit but it seems the bear market still hits deep, probably deeper than we think as some companies are still filling for bankruptcy.

The crypto lender company Genesis was one of the companies that recently filed for bankruptcy and there are speculations that it was due to the dealings they had with Three Arrows Capital and FTX, both of which had their misfortunes during the bear market, so it was more like them dragging Genesis along with their downfall.

According to Cameron Winklevoss who's has been going head to head with Genesis on Twitter, he said:

Crucially, the decision to put Genesis into bankruptcy does not insulate Barry, DCG, and any other wrongdoers from accountability. Unless Barry and DCG come to their senses and make a fair offer to creditors, we will be filing a lawsuit against Barry and DCG imminently. Source

There are still pending answers from them to explain the cause of the bankruptcy and what will happen to the users

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