(Reuters) – The lending unit of crypto agency Genesis filed on Thursday for U.S. chapter safety from collectors, toppled by a market rout together with the likes of alternate FTX and lender BlockFi.

Genesis International Capital, one of many largest crypto lenders, froze buyer redemptions on Nov. 16 after FTX shocked the monetary world with its chapter, fuelling concern that different corporations might implode. The corporate is owned by enterprise capital agency Digital Forex Group (DCG).

Genesis’ lending unit stated it had each belongings and liabilities within the vary of $1 billion to $10 billion in its filings with the U.S. chapter court docket.

Genesis’s chapter submitting is the most recent in a cascade of crypto failures and steep job cuts triggered by plunging costs final yr.