Discover and read the best of Twitter Threads about #CEXes

Most recents (1)

1/ The world's largest crypto lender is collapsing.

Genesis, under DCG, is ironically the latest victim of the FTX contagion after publishing Alameda Research's balance sheet via Coindesk (DCG's subsidiary).

The contagion has come full circle. Here's what you need to know ⬇️
2/ The parent company of @Grayscale & @GenesisTrading, @DCGco, is having liquidity issues & seeking a $1B emergency loan.

Before we dive into the details & ramifications, we must understand who’s involved & what their roles are.
3/ Three parties plagued by the contagion concern this time:

@DCGco
@GenesisTrading
@Grayscale
Read 20 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!