Unchained

The Chopping Block: Will Genesis Creditors Be Made Whole? - Ep. 447

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Welcome to “The Chopping Block!” – where crypto insiders Haseeb Qureshi, Robert Leshner, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they covered:

  • why the markets were up so much recently
  • how and why Genesis entered into bankruptcy
  • why the hole in DCG's financials are potentially much bigger than previously reported
  • the differences between the bankruptcies of FTX and Genesis
  • whether 3AC founders Su Zhu and Kyle Davies will find success with their new exchange
  • what will happen to GTBC now that a huge portion has already been liquidated
  • whether Tarun is predicting "the start of a new supercycle"
  • the large percentage of vested SOL held by the FTX estate
  • how SBF is still trying to win the public 


    • Hosts

    • Haseeb Qureshi, managing partner at Dragonfly Capital
    • Tarun Chitra, managing partner at Robot Ventures
    • Robert Leshner, founder of Compound 
    • Tom Schmidt, general partner at Dragonfly Capital



      Links


      Disclosures


      Genesis: 

      • Bloomberg: FTX Bankruptcy Judge Backs Company Law Firm, Rejects Last Minute ‘Rumors’
      • CoinDesk: 
      • Crypto Lender Genesis Global Capital Is FTX's Largest Unsecured Creditor
      • Crypto Trading Firm Cumberland DRW Disputes Genesis Exposure
      • CNBC: 
      • Crypto firms Genesis and Gemini charged by SEC with selling unregistered securities
      • Crypto publication CoinDesk hires Lazard to explore sale as crisis deepens at parent company DCG
      • Unchained: 
      • Is Genesis’s Prepackaged Bankruptcy The Ultimate Sacrifice? 
      • Gemini Ends Its Earn Program and Calls for Barry Silbert’s Ouster
      • DCG Under Investigation by DOJ and SEC: Report
      • Genesis CEO Says Firm Needs More Time to Find a Solution



        • FTX:

        • Unchained: 
        • SBF Says Excel Spreadsheet Proves FTX US Is Solvent
        • WSJ: New FTX Chief Says Crypto Exchange Could Restart
        • The Block: FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’



          • 3AC/GTX: 

          Unchained: 3AC Founders Are Raising $25M for ‘GTX’

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          UnchainedBy Laura Shin