#3. Genesis bankruptcy
-Total estimated losses: $5.1 billion in liabilitiesGenesis froze billions in customer funds after getting caught in the FTX collapse. The company was lending up to $6.5 billion to crypto trading firm Alameda Research, co-founded by Sam Bankman-Fried, with loans that…
-Total estimated losses: $5.1 billion in liabilitiesGenesis froze billions in customer funds after getting caught in the FTX collapse. The company was lending up to $6.5 billion to crypto trading firm Alameda Research, co-founded by Sam Bankman-Fried, with loans that…
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