Genesis Faces 'Hundreds of Millions' in Losses as 3AC Exposure Swamps Crypto Lenders: Sources - CoinDesk
6/29/2022 12:00:00 AM2 years 10 months ago
by Ian Allison, Danny Nelson
by Ian Allison, Danny Nelson
The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.
Cryptocurrency market maker and lending firm Genesis Trading is facing potential losses into the hundreds of millions, according to three people familiar with the matter. The losses at Genesis relat… [+2760 chars]
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