The below is a direct excerpt of Marty’s Bent Issue #1283: “Trusted third parties are security holes.” Sign up for the newsletter here.

The contagion event that has dragged on for the better part of 2022 seems to be materially affecting Genesis Trading and its parent company, Digital Currency Group (DCG). It has become apparent that Genesis didn’t have the best due-diligence process when issuing loans to counterparties because they had to write down two nine-figure loans to zero this year after lending out money to Three Arrows Capital and Alameda Research.

Marty Bent

Source link

You May Also Like

XRP Price Poised For A 13% Leap – If It Keeps Steady On This Route

XRP, the 7th largest cryptocurrency with more than $19.74 billion market capitalization,…

Ethereum Price Eyes Fresh Rally Unless ETH Dips Below This Support

Ethereum is showing positive signs above the $1,550 zone against the US…

Could a Grayscale Bitcoin Trust collapse be the next black swan event? Watch The Market Report

On this week’s The Market Report show, Cointelegraph’s resident experts discuss what…

10 Tips For Securing Your Bitcoin Wallet

Have you ever wondered if someone is spying on your online activities?…

FTX User Sues Golden State Warriors For Promoting Crypto Platform

The Golden State Warriors were named in a lawsuit Monday alleging the…

Why Kanye West And Other Free Speech Advocates Need Bitcoin

The below is a direct excerpt of Marty’s Bent Issue #1272: “De-banking…