Discover and read the best of Twitter Threads about #GeminiEarn
Most recents (4)
👏 @WhatBitcoinDid calling out @Sonnenshein, #Grayscale, @DCGco, and #EmperorShillbertine for the frauds they are. Recall they used #GeminiEarn customer money to pay themselves and prop up their fraudcoins like $GBTC...
Ω👇Ω
Ω👇Ω
Remember the prophecy folks... 
1/ Genesis Ch 11 Finding:
How GBTC went to a 50% discount.
Summary:
- Genesis pledges GBTC to #GeminiEarn
- Genesis suspends withdrawals.
- Gemini forecloses on GBTC collateral
- Gemini sells GBTC to a private buyer causing spread to widen
Timeline thread...
How GBTC went to a 50% discount.
Summary:
- Genesis pledges GBTC to #GeminiEarn
- Genesis suspends withdrawals.
- Gemini forecloses on GBTC collateral
- Gemini sells GBTC to a private buyer causing spread to widen
Timeline thread...
2/ August 15th
~2 months after 3AC collapse.
Gemini enters into a Security Agreement (e.g., $465 MM of GBTC pledged: ~31 MM units of GBTC @ $15.06)
A risk manager at Gemini Earn says 'Hey Genesis - we have a lot of unsecured risk on you. Please post collateral asap'
~2 months after 3AC collapse.
Gemini enters into a Security Agreement (e.g., $465 MM of GBTC pledged: ~31 MM units of GBTC @ $15.06)
A risk manager at Gemini Earn says 'Hey Genesis - we have a lot of unsecured risk on you. Please post collateral asap'
3/ The risk manager was likely concerned about Genesis:
i) increasing counterparty concentration risk
ii) the decline in Genesis's loans outstanding
iii) fallout / contagion risks from Gemini.
They may have been concerned about another 3AC.
i) increasing counterparty concentration risk
ii) the decline in Genesis's loans outstanding
iii) fallout / contagion risks from Gemini.
They may have been concerned about another 3AC.
Fud này có hợp thức hóa việc MM kill market thêm 1 lần nữa trước thềm Shanghai?
Thread đọc phần dưới
#BTC #BNB #ETH #Shanghai #Altcoin #CZ #Futures #Fud #Gemini #Geminiearn #DCG #Greyscale
Thread đọc phần dưới
#BTC #BNB #ETH #Shanghai #Altcoin #CZ #Futures #Fud #Gemini #Geminiearn #DCG #Greyscale
1, Gemini earn ( GE ) => users tham gia để earn với APY 8% => Gemini đem cho Genesistrading vay 1.7B => Đem cho DCG => Greyscale vay => Buy the dip BTC, 3AC => Khoản nợ chưa thể thu hồi => GUSD ( Gemini USD) => Gemini ngừng nạp rút => Yêu cầu Genesistrading trả nợ
2, Genesis cắt giảm nhân sự lên đến 30%, và đang có nguy cơ phá sản cao. Việc nguy cơ phá sản sẽ công bố sau vụ kiện. Nếu không đủ khả năng chi trả thì sẽ có đệ đơn phá sản Chappter 11
¿Por qué muchas personas son estafadas en el ecosistema de las criptomonedas?
Porque llegan con la intención de ganar mucho dinero de la noche a la mañana, casi siempre convencidos por un influencer.
El caso de @Gemini Earn con @GenesisTrading es el más reciente.
[Hilo 🧵
1/17
Porque llegan con la intención de ganar mucho dinero de la noche a la mañana, casi siempre convencidos por un influencer.
El caso de @Gemini Earn con @GenesisTrading es el más reciente.
[Hilo 🧵
1/17
Hace unas pocas semanas #FTX, uno de los exchanges más grandes de los EE.UU y del mundo se declaró en bancarrota por haber malversado los fondos de sus clientes y socios. Si aún no sabes sobre esta noticia, hice un hilo al respecto en su momento: 👇
2/17
2/17
Como se esperaba, otros exchanges y fondos resultarían salpicados por la caída de FTX, y así le ocurrió al exchange Neoyorquino Gemini y a la firma de trading institucional de criptoactivos y derivados OTC Genesis esta semana. Genesis tiene un déficit de $1000 millones. 😬
3/17
3/17
