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Why Genesis Could Very Well Be Insolvent, Not Just Illiquid

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Why Genesis Could Very Well Be Insolvent, Not Just Illiquid

And if so, how that would impact Gemini and Circle customers -- as well as DCG

Unchained Daily
Nov 21, 2022
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Why Genesis Could Very Well Be Insolvent, Not Just Illiquid

unchainedcrypto.substack.com

Welcome and thank you so much for subscribing to Unchained Premium!

Today's premium content features a behind-the-scenes interview with Ram Ahluwalia, CEO and cofounder at Lumida Wealth Management. We talked about the likelihood of Genesis going bankrupt. Here are some of the other things we covered:

  • how Genesis makes money being a non-bank lender and whether it is suffering liquidity or solvency issues

  • how Genesis is related to Circle and Gemini and why it is so important for the crypto sector

  • the importance of Genesis’ $1.2 billion loss due to the company’s exposure to 3AC

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