Web1 day ago · When that trading platform crashed, Genesis lost access to that money. Genesis parent company Digital Currency Group subsequently gave Genesis a cash infusion of $140 million. DCG, it was reported, also owed Genesis $1.7 billion, which explains why the lending partner froze assets — it all ties back to the FTX crash. Genesis Global Capital ... WebJan 5, 2024 · David A. Grogan CNBC. Genesis Trading, the embattled crypto lending arm of Barry Silbert’s Digital Currency Group, has cut headcount by 30% as it faces increasing …
Crypto Lender Genesis Files for Bankruptcy. It Could Be …
WebJan 25, 2024 · Edward Smith/Getty Images A unit of Genesis Global says a trader known as "Bitcoin Jesus" has yet to settle all his crypto options trades. GGC International's claim … WebJan 20, 2024 · Genesis provided loans to crypto hedge funds and over-the-counter firms, but a series of bad bets made last year severely damaged the lender and forced it to halt … how many inches of snow did littleton co get
FTX was run as
WebAug 17, 2024 · Crypto Lender Genesis Lays Off 20% of Workforce, CEO to Depart. The crypto brokerage lent Three Arrows Capital $2.4 billion and has a claim of $1.2 billion against the beleaguered hedge fund. WebGenesis Capital, one of the largest players in the space, originated $3.1B in 2024 and $1.1B in Q4 of 2024. For such a young industry these are staggering numbers. ... Crypto lending can better be understood as a short-term injection of liquidity, rather than as a business loan for example. People who need to pay-off unexpected bills or want to ... WebJul 6, 2024 · Genesis, one of the largest cryptocurrency brokerages for institutional investors, confirmed that it was exposed to bankrupt hedge fund Three Arrows Capital and had mitigated its losses. how many inches of snow did louisville ky get