Genesis’ cryptocurrency lending business revealed it had a large exposure to failed hedge fund Three Arrows Capital back in July of this year. Digital Currency Group, parent of both Genesis and CoinDesk, has assumed the entirety of a $1.2 billion claim, leaving Genesis with no outstanding liabilities tied to Three Arrows Capital.
Related posts
-
XRP To Hit $40 In 3 Months But On This Condition – Analyst
XRP remains one of the crypto market’s current trailblazers rising by 23.21% in the past 24... -
After Binance’s Costly Lesson, Do Rival Crypto Exchanges Risk Running Afoul of U.S. Rules?
Bybit, Bitget and OKX, three of the largest cryptocurrency exchanges, all prohibit traders from the U.S.,... -
Bitfinex Hack Launderer Heather ‘Razzlekhan’ Morgan Sentenced to 18 Months in Prison
WASHINGTON, D.C. — Heather “Razzlekhan” Morgan, who helped launder the proceeds of the 2016 Bitfinex hack...