DCG is the most significant company in crypto.
DCG’s subsidiary Genesis lent a lot of money to 3AC
DCG bailed out Genesis (about $1.4bn)
In Q4 2021, Genesis had $50bn of loans. Question is, who from these borrowers have FTX exposure?
— Mario Nawfal (@MarioNawfal) November 19, 2022
DCG already injected $150m into genesis last week
Does DCG have more liquidity to bailout Genesis?@AlexDamsker says “probably not” 👀
Discussion ongoing…
— Mario Nawfal (@MarioNawfal) November 19, 2022
— Mario Nawfal (@MarioNawfal) November 20, 2022
Doesn't seem to be looking good: t.co/J3dM6H1cDw
I'm hopeful but worried
— Mario Nawfal (@MarioNawfal) November 20, 2022