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Genesis Faces ‘Hundreds of Millions’ in Losses as 3AC Exposure Swamps Crypto Lenders: Sources

The DCG-owned trading colossus is said to have suffered nine-figure losses partly through exposure to Three Arrows Capital and Babel Finance.

Genesis Trading Michael Moro at the Crypto Bahamas event in April 2022 (Danny Nelson/CoinDesk)
Genesis Trading Michael Moro at the Crypto Bahamas event in April 2022 (Danny Nelson/CoinDesk)