FTX Collapse: Barry Silbert’s Crypto Empire Is In the Crosshairs of Regulators

The chapter of Sam Bankman-Fried’s crypto empire continues to trigger waves in the crypto area. 

The numerous companies proceed to observe one another to search out out who can be the subsequent collateral victims of this catastrophe after the lender BlockFi went down.

All eyes have been on lender Genesis, a subsidiary of crypto juggernaut Digital Currency Group, aka DCG. Last November, the brokerage stopped clients from making withdrawals and issuing new loans because of this of the chapter of FTX. The division that has halted the withdrawals is Genesis Global Capital, which works with institutional shoppers and had $2.8 billion in whole lively loans as of the finish of the third quarter.


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