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
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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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