Difference between revisions of "Genesis (Company)"

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== Team, Partners ==
== Team, Partners ==


* Michael Moro; ex-CEO, [https://decrypt.co/107642/genesis-cuts-20-staff-ceo-michael-moro-out stepped down] on 17-8-2022. The firm will also cut 20% of its 260-person workforce to reduce costs.
* Michael Moro; ex-CEO, [https://decrypt.co/107642/genesis-cuts-20-staff-ceo-michael-moro-out stepped down] on 17-8-2022. The firm will also cut 20% of its 260-person workforce to reduce costs. Later 30% was [https://decrypt.co/118499/genesis-cuts-staff-30-percent-ftx-fallout mentioned] (6-1-2023).
*Founding member of the [[Crypto Rating Council]] (9-2019).
*Founding member of the [[Crypto Rating Council]] (9-2019).
*Genesis is a [[CoinDesk]] sister company (24-2-2021).
*Genesis is a [[CoinDesk]] sister company (24-2-2021).

Revision as of 07:47, 16 January 2023

Basics

History

November 8: "No material net credit exposure"

November 9: We lost $7M

November 10: Okay, we have $175M locked in FTX

November 16: Sorry, no withdrawals or new loans

November 17: Okay, we need $1BN

November 21: We'll go bankrupt without the money

  • Genesis Global Capital, the lending arm of leading digital asset brokerage Genesis Trading, announced (16-11-2022) that it has halted withdrawals and new loans due to “unprecedented market turmoil” created by FTX’s collapse. Seemed to have had $175M locked in FTX.
  • Has a BitLicence since 2018.

Investments

Team, Partners