BlockFi and Genesis Misrepresented Financials, Creditor Alleges

In this premium interview, I talk with Steve Sokolowski, the chief technology officer at ProHashing. He discussed his experience as a creditor to Genesis and BlockFi, both of which are going through bankruptcy proceedings.

Steve invested in Genesis early in 2021, and performed thorough due diligence on the company in September 2022, after the collapse of Three Arrows Capital.

He says that Genesis presented a balance sheet that indicated that it was a solvent company. (Neither Genesis or BlockFi responded to a request for comment.)