Cryptocurrency News

Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses

07/07/2022

Less than a minute

2022.07.07 15:05

Genesis Trading CEO confirms 3AC exposure, parent company helps plug losses

Digital Currency Group’s market maker and lending firm Genesis Trading has confirmed that it had investment exposure in the now-liquidated Three Arrows Capital (3AC).

The insolvency and subsequent liquidation order of the embattled company sent shockwaves through the cryptocurrency space last week amid an ongoing downturn across crypto markets. A major talking point was the stake other prominent companies had in the now-defunct cryptocurrency hedge fund and the ongoing fallout.

07/07/2022

Less than a minute

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