Genesis Trading Rekt

𝐋𝐄𝐀𝐑𝐍 𝐓𝐎 𝐁𝐔𝐘 𝐀𝐍𝐎𝐍𝐘𝐌𝐎𝐔𝐒 𝐁𝐈𝐓𝐂𝐎𝐈𝐍➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.

In this video, I trace crypto contagion from Do Kwon and Terra Luna through Genesis Trading and 3 Arrows Capital to FTX/Alameda, Gemini Earn, Grayscale, and beyond.

Genesis Trading is now seeking up to $1 billion of emergency capital, and may file for bankruptcy if it is unable to obtain it.

Meanwhile, the fates of both DCG and its subsidiaries hang in the balance.

If you're holding Bitcoin on a hardware wallet, your Bitcoin is not exposed to this ever-expanding daisy chain of counter-party risk.

Not investment advice! Consult a financial advisor.

Genesis gets $1 billion UST from LFG:
https://twitter.com/lfg_org/status/1522234947070689280

Genesis news keeps getting worse:
https://twitter.com/GenesisTrading/status/1590106896698028032
https://twitter.com/GenesisTrading/status/1590391027214725120
https://twitter.com/GenesisTrading/status/1590836594382032896
https://www.coindesk.com/business/2022/11/11/crypto-investment-firm-dcg-gives-140m-equity-infusion-to-trading-firm-genesis/

Genesis halts withdrawals:
https://cointelegraph.com/news/breaking-crypto-lender-genesis-global-halts-withdrawals

Gemini Earn rekt:
https://twitter.com/Gemini/status/1594866655489933312

Genesis may file for bankruptcy:
https://pbs.twimg.com/media/FiHp2qZXEAYpYsN?format=jpg&name=large
https://decrypt.co/115243/genesis-trading-warns-of-possible-bankruptcy-as-post-ftx-fundraising-falters-report

Binance turns down Genesis:
https://decrypt.co/115269/binance-cites-conflict-interest-passing-genesis-investment-report

Bernstein Says Grayscale Bitcoin Trust Is Protected From Fallout at Sibling Company Genesis Global:
https://www.coindesk.com/markets/2022/11/21/bernstein-grayscale-bitcoin-trust-is-protected-from-fallout-at-sibling-company-genesis-global/

Does DCG owe Genesis $1.1 billion?
https://twitter.com/ap_archpublic/status/1594386225200234496

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#genesis
#crypto
#bitcoin

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