Unchained

$630M Due Next Week: Is DCG at Default Risk? - Ep. 489

Listen Later

The Genesis bankruptcy is about to take a high-stakes turn with a $630 million payment from Digital Currency Group (DCG) due by May 11. Barry Silbert’s DCG, the parent company of Genesis, is on the hook for the massive payment, but doubts are swirling as to whether the crypto conglomerate can cover it. Lumida Wealth CEO Ram Ahluwalia joins the show to unpack what could happen to Genesis creditors, Gemini Earn users, and the markets should DCG fail to cover its debt obligations.


Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.

Show highlights:

  • whether DCG will be able to pay its debt to the Genesis bankruptcy estate
  • the ways DCG can “plug the hole”
  • what the likelihood of DCG filing for bankruptcy is
  • how FTX’s intent to claw back $3.9 billion from Genesis would affect DCG
  • whether Gemini Earn customers will be made whole
  • why Ram says that asymmetric information has plagued the bankruptcy process
  • whether the creditors should accept the latest term sheet
  • how the Grayscale lawsuit against the SEC could impact DCG’s cash flow
    • Thank you to our sponsors!
    • Crypto.com
    • Railgun DAO 
    • Stader Labs
      • Guest

      Ram Ahluwalia, CEO & Founder of Lumida Wealth

      • Previous appearances on Unchained: 
      • ​​Genesis May Be Facing Bankruptcy. Could It Take DCG Down With It?
      • Gemini vs. DCG Is Heating Up. Could Gemini Force Genesis Into Bankruptcy?
      • How Will the FTX Collapse Affect Silvergate? A Bear and a Bull Debate
      • How Is the Fed Going to Respond to the Banking Crisis?
        • Links
        • Unchained: FTX Moves to Claw Back $3.9 Billion From Genesis
        • Reuters: Crypto group DCG says bankrupt unit Genesis' creditors renege on deal
        • CoinDesk: 
        • Genesis Files for Mediator Assistance Over Amount of DCG Contribution to Reorganization
        • DCG's CFO Steps Down as Crypto Conglomerate Repays $350M Loan

          • Learn more about your ad choices. Visit megaphone.fm/adchoices

          ...more
          View all episodesView all episodes
          Download on the App Store
          UnchainedBy Laura Shin
          • 4.6
          • 4.6
          • 4.6
          • 4.6
          • 4.6

          4.6

          1,185 ratings

          More shows like Unchained

          View all
          The a16z Show by Andreessen Horowitz

          The a16z Show

          1,107 Listeners

          Real Vision: Finance & Investing by Real Vision Podcast Network

          Real Vision: Finance & Investing

          906 Listeners

          CRYPTO 101 by Bryce Paul & Brendan Viehman

          CRYPTO 101

          41 Listeners

          The Breakdown by Blockworks

          The Breakdown

          739 Listeners

          The Pomp Podcast by Anthony Pompliano

          The Pomp Podcast

          1,841 Listeners

          Thinking Crypto News & Interviews by Tony Edward

          Thinking Crypto News & Interviews

          248 Listeners

          What Bitcoin Did by Danny Knowles

          What Bitcoin Did

          277 Listeners

          Bankless by Bankless

          Bankless

          1,052 Listeners

          The Wolf Of All Streets by Scott Melker

          The Wolf Of All Streets

          238 Listeners

          All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

          All-In with Chamath, Jason, Sacks & Friedberg

          10,205 Listeners

          Empire by Blockworks

          Empire

          167 Listeners

          Coin Stories with Natalie Brunell by Natalie Brunell

          Coin Stories with Natalie Brunell

          444 Listeners

          Raoul Pal: The Journey Man by Real Vision Podcast Network

          Raoul Pal: The Journey Man

          130 Listeners

          Forward Guidance by Blockworks

          Forward Guidance

          271 Listeners

          Bell Curve by Blockworks

          Bell Curve

          33 Listeners