Genesis announced preliminary data on the amount of its debt obligations

According to Genesis, the company was unable to meet obligations to the 50 largest creditors in the amount of more than $3.6 billion. The total debt obligations of the company can reach $11 billion.

According to The Block, citing sources close to Genesis, the company has prepared a detailed list of its debt obligations.. Genesis has listed more than 100,000 of its creditors with total liabilities of up to $11 billion, according to the documents.. Genesis' top 50 creditors account for about $3.6 billion.

In particular, the list of the largest creditors is headed by Gemini Trust Company with a claim for $766 million and the Dutch exchange Bitvavo with €280 million.. Cryptocurrency funds Mirana and Babel Finance the company owed $150 million each. VanEck New Finance, Plutus Lending, Abra and Cumberland DRW follow with claims totaling over $100 million.

Notably, Genesis did not disclose the ownership of several large claims, including one for $500 million, citing private investment from cryptocurrency savings platform Donut.. The law firms Kirkland & Ellis and Proskauer Rose are entrusted with negotiating with Genesis creditors.

Genesis Global Trading filed for bankruptcy protection late Thursday in New York federal bankruptcy court.