So, How Much Are We Talking Here?
The amount of loans Genesis customers are unable to access is slowly coming to light.
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Show Notes
Prominent among the casualties of FTX’s collapse is Genesis Global Capital, a lending arm of crypto empire Digital Currency Group. And, when Genesis halted redemptions in November, one of its victims was Gemini's Earn program. Recent reports by the Financial Times and CoinDesk reveal how much money Gemini other customers are trying to recover from Genesis. At the top of today’s Real Vision Crypto Daily Briefing, Nico Brugge and Ash Bennington discuss what we know about the scale of the problem so far. Later, David Maria, the head of litigation and regulatory affairs at crypto exchange Bittrex, joins Nico and Ash to discuss the regulatory landscape, FTX hearings in the U.S. Congress (to which SBF sent an unusual RVSP), and the landmark SEC vs Ripple case that's finally nearing its conclusion.
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