• Coin Cloud, one of the largest crypto ATM operators, filed for Chapter 11 bankruptcy this week.
• The company’s largest creditor is Genesis Global Trading, whose parent company recently filed for bankruptcy.
• Coin Cloud’s estimated assets range between $50 million and $100 million while its total liabilities fall between $100 million and $500 million.

Coin Cloud Files for Bankruptcy

One of the largest cryptocurrency ATM operators, Coin Cloud, which claims to operate more than 5,000 crypto ATMs, has filed for bankruptcy in the U.S. The company’s largest creditor is Genesis Global Trading, whose parent company also recently filed for bankruptcy in the U.S. Cash Cloud Inc., a digital asset ATM operator doing business as Coin Cloud, voluntarily filed for Chapter 11 bankruptcy on Tuesday. In its filing with the U.S. bankruptcy court for the District of Nevada, Coin Cloud declared an estimated number of creditors of between 5,000 and 10,000.

Estimated Assets & Liabilities

In addition, the company estimated that its total assets range between $50 million and $100 million while its total liabilities fall between $100 million and $500 million. Crypto lender Genesis Global Trading Inc. is listed as Coin Cloud’s largest unsecured creditor, with a total claim of $116,353