Genesis pumped their LP money into 3AC (which was terrible risk management) so they could pump it into new GBTC which pumped management fees into Grayscale
probably not criminal, but man, that is quite fucked up, incestuous self-dealing
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Why would a lender (Genesis) issue 47% of its loan book to 
ONE entity (Three Arrows Capital)?!!
@samuelmandrew + @ramahluwalia break down the factors that could drive Genesis to bankruptcy 
. Is FTX the final straw?
Watch the full episode: youtube.com/watch?v=ulDEet
ONE entity (Three Arrows Capital)?!!
@samuelmandrew + @ramahluwalia break down the factors that could drive Genesis to bankruptcy . Is FTX the final straw?
Watch the full episode: youtube.com/watch?v=ulDEet
2:39
7.8K views
