Here's what we are reading this morning:
Genesis Creditors Seek Options to Keep Crypto Brokerage Out of Bankruptcy - Bloomberg: Creditors to embattled crypto brokerage Genesis are organizing with restructuring lawyers and seeking options that would keep the firm out of bankruptcy, according to people with knowledge of the situation.
BlockFi Says It Is Different From FTX, Affirms Efforts to Return Customer Funds - WSJ: The cryptocurrency lender said in a bankruptcy-court hearing that it is different from FTX and is working to return client funds as soon as possible.
AMC Networks to Lay Off 20% of U.S. Workers as CEO Christina Spade Exits - WSJ: The company has been under pressure from cord-cutting as Americans have moved from traditional pay-TV packages to streaming services. Shares of AMC closed 5.3% lower.
FTX's LedgerX, Solvent Part of SBF Empire, to Put $175 Million in Bankruptcy Pot - Bloomberg: LedgerX -- one of the few corners of Sam Bankman-Fried’s crumbled crypto empire that remain solvent -- is preparing to make available $175 million for use in FTX’s bankruptcy proceedings, according to people with knowledge of the matter.