Genesis previously poured in $2.36 into 3AC
There’s a lot that has been happening in the crypto -verse. The last couple of months has been a nightmare for many. Bankrupt firms and missing founders have instilled fear among several investors. The streak started by Three Arrows Capital [ 3AC ] seemed to be still on. Following immense exposure from the downfall of FTX , Genesis Global Trading decided to halt withdrawals. Recent reports suggest that bankruptcy was in the cards for the platform. Amidst this, it should be noted that Genesis had been impacted by the downfall of Three Arrows Capital as well. Back in July, it was brought to light that Genesis had lent about $2.36 billion to 3AC. Crypto firm Genesis previously lent $2.36 billion to bankrupt hedge fund Three Arrows Capital. — Watcher.Guru (@WatcherGuru) November 22, 2022 Previously, documents show that 3AC owes Genesis a loan debt of $2.36 billion. Additionally, they demonstrate how inadequately collateralized the debt is and how Genesis attempte...