Cryptocurrency lending firm Genesis Global Capital has reportedly asked crypto exchange Binance and private equity firm Apollo Global Management for cash. Genesis is faltering as the FTX contagion continues to spread throughout the cryptocurrency world. The Wall Street Journal reports …
DCG is the most significant company in crypto. DCG’s subsidiary Genesis lent a lot of money to 3AC DCG bailed out Genesis (about $1.4bn) In Q4 2021, Genesis had $50bn of loans. Question is, who from these borrowers have FTX …
🚨 BREAKING 🚨 CRYPTO GIANT GENESIS SUSPENDS WITHDRAWALS, ORIGINATIONS IN LENDING BUSINESS — GURGAVIN (@gurgavin) November 16, 2022 Genesis’ Crypto-Lending Unit Is Halting Customer Withdrawals in Wake of FTX Collapse The unit, known as Genesis Global Capital, serves an institutional …
80% premined Ethereum’s Genesis Block (Specifically, the block that allocated to the founders 12 million free coins) is cashing out as the price of Ethereum tanks into oblivion. https://etherscan.io/address/0x9d2BFC36106F038250c01801685785b16C86C60D It’s always nice to be at the top of a pyramid. …