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The FTX Collapse, Explained - WSJ What Went WrongJanuary Genesis, one of the top leading crypto currency lenders, announces it filed for Chapter 11 bankruptcy, another casualty of the FTX. New Jersey-based crypto lender Voyager Digital filed for bankruptcy in the United States on July 6 after Three Arrows Capital (3AC) defaulted on. DCG's crypto lending firm laid off 30% of its staff and filed for chapter 11 bankruptcy protection, along with two of its subsidiaries. Its undoing is one.